News

Sobig Damage Estimate Increased

Two days after issuing an initial estimate of the Sobig worm damages, a U.K-based digital security firm has revised the damage estimate upward by nearly $1.5 billion and broken out the amount of damage resulting from the Sobig.F variant.

"In just under two days, the economic damage attributable to Sobig has risen from $5.59 billion to $7.05 billion as millions of businesses and households worldwide continue to be flooded with infected e-mail," U.K.-based mi2g said in a statement Thursday.

"Sobig has risen to become the third most damaging virus ever according to the mi2g Intelligence Unit as it continues to choke bandwidth even for users with clean machines who are receiving 'returned e-mail messages' non-stop," the group said. The mi2g finding contradicts statements from some other firms that the worm's activity has been slowing.

Sobig has overtaken the Yaha virus in the mi2g's ranking of the most damaging malware over time. It currently trails Klez ($13.94 billion) and Love Bug ($8.75 billion).

The group also estimates that the economic damage from the latest variant, Sobig.F, launched in mid-August, exceeds the damages caused by all previous variants of Sobig. The Sobig.F variant has caused $4.2 billion in damages since Aug. 18, according to the group.

The Mi2g damage estimate is built from sampled productivity loss data, estimates of the number of machines infected and estimates of bandwidth lost.

Sobig.F is scheduled to stop propagating on Sept. 10, when security experts believe the worm's author will launch a new, potentially more potent, variant.

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • Broadcom Revamps VMware Partner Program Again

    Broadcom recently announced a significant update regarding its VMware Cloud Service Provider (VCSP) program, coinciding with the release of VMware Cloud Foundation (VCF) 9.0, a key component in Broadcom’s private cloud strategy.

  • Closeup of the new Copilot keyboard key

    Microsoft Updates Copilot To Add Context-Sensitive Agents to Teams, SharePoint

    Microsoft has rolled out a new public preview for collaborative "always on" agents in Microsoft 365 Copilot, bringing enhanced, context-aware tools into Teams channels, meetings, SharePoint sites, Planner workstreams and Viva Engage communities.

  • Windows 365 Cloud Apps Now Available for Public Preview

    Microsoft announced this week that Windows 365 Cloud Apps are now available for public preview. This aims to allow IT administrators to stream individual Windows applications from the cloud, removing the need to assign Cloud PCs to every user.

  • Report: Security Initiatives Can't Keep Pace with Cloud, AI Boom

    The increasingly fast adoption of hybrid, multicloud, and AI systems is easily outgrowing existing security measures, according to a recent global survey by the Cloud Security Alliance (CSA) and exposure management firm Tenable.