By Julian Goldsmith, 8 August 2001 08:20
NEWS Code Red has become one of the most damaging phenomena to hit the internet, costing businesses around the world up to $2bn.
According to Reuters, installing the patch needed to block the worm has set companies back $1.2bn, while lost business has added a further $700m to the bill.
This impact is likely to continue, but the worm still has a long way to go before it achieves the damage of the super viruses which struck last year.
The Love Bug is thought to have cost around $8.5bn overall.
For related news, see
BT systems crash - Code Red attack suspected
www.silicon.com/a46325
Code Red: New variant detected
www.silicon.com/a46297
Behind the Headlines: IT hysteria
www.silicon.com/a46272
Code Red: Internet destructor or damp squib?
www.silicon.com/a46237
Microsoft red-faced over sloppy security
www.silicon.com/a45943
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