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Virus Cost Estimate For 2001 Tops $10 Billion

Snootch writes: "CNN has a story on the costs of virii - they're absolutely collossal, and remember that the $10 billion figure is just *so far this year*...scary. The article gives a pretty good breakdown by virus, and while it says little else that the average /. reader won't know by now, it's an interesting read all the same. To quote Red Dwarf's Kryten, 'Smug Mode,' but I note that every single one mentioned in the article, bar one (Code Red), was a client-side Outlook virus ..."

"My other thought was this: Considering that according to the article, nearly half the money was spent cleaning infected systems out, then the virus-checker industry, and therefore the implications of Symantec's recent patent, are even bigger than I realised ... *gulp*" Of course, estimates like these are often made by people with vested interests in the effect such numbers have, and there are a lot of costs that are very tough to estimate accurately -- like sysadmin time.

2 of 239 comments (clear)

  1. Re:M$ user for 10 years... never gotten a virus by Anonymous Coward · · Score: 1, Funny

    Oh come on now! With Microsoft software, everything is integrated as much as possible. If one piece is bad, the whole mess is bad!

    If Outlook is bad, then the whole Microsoft Windows/Outlook/Office/IIS/IE package is crap! That's the way it was designed.

  2. If you have to guess, might as well make it BIG by ch-chuck · · Score: 5, Funny

    These damage numbers are like the damages claimed in the "Hacker Crackdown" - somebody cracks into the phone company, copies one document, and gets nabbed for 'damages' to the tune of $80,000 - it later turns out that that figure included:

    1. A technical writer had been hired to research and write the E911 Document. 200 hours of work, at $35 an hour, cost : $7,000. A Project Manager had overseen the technical writer. 200 hours, at $31 an hour, made: $6,200.

    2. A week of typing had cost $721 dollars. A week of formatting had cost $721. A week of graphics formatting had cost $742.

    3. Two days of editing cost $367. `

    4. A box of order labels cost five dollars.

    5. Preparing a purchase order for the Document, including typing and the obtaining of an authorizing signature from within the BellSouth bureaucracy, cost $129.

    6. Printing cost $313. Mailing the Document to fifty people took fifty hours by a clerk, and cost $858.

    7. Placing the Document in an index took two clerks an hour each, totalling $43.

    Bureaucratic overhead alone, therefore, was alleged to have cost a whopping $17,099. According to Mr. Megahee, the typing of a twelve- page document had taken a full week. Writing it had taken five weeks, including an overseer who apparently did nothing else but watch the author for five weeks. Editing twelve pages had taken two days. Printing and mailing an electronic document (which was already available on the Southern Bell Data Network to any telco employee who needed it), had cost over a thousand dollars.

    But this was just the beginning. There were also the hardware expenses. Eight hundred fifty dollars for a VT220 computer monitor. Thirty-one thousand dollars for a sophisticated VAXstation II computer. Six thousand dollars for a computer printer. Twenty-two thousand dollars for a copy of "Interleaf" software. Two thousand five hundred dollars for VMS software. All this to create the twelve-page Document.



    So using the same rule, you can see these adjusters running around asking, "Was this PC infected by a virus last year?", "yes", "Ok, that's one $2000 PC and one $100 Outlook License, plus one hour labor, lets see, that comes to $2220 lost productivity, NEXT!".

    --
    try { do() || do_not(); } catch (JediException err) { yoda(err); }