Denial-of-service attacks against the SCO Group Inc. servers beginning Feb. 1 were as damaging as had been feared.
Corporate Web servers at SCO went down Sunday as computers infected with the MyDoom worm began assaults on the SCO site earlier than anticipated - beginning at 17:30 Greenwich Mean Time on Saturday (Jan. 31), rather than on Sunday as originally expected.
The mi2g Intelligence Unit security group in London estimated Sunday that the MyDoom worm had caused $38.5 billion in economic damages worldwide, making it the most expensive computer virus ever. The SoBig virus was estimated to have caused $37.1 billion in damages.
D.K. Matai, executive chairman of mi2g, said the success of MyDoom, despite a week's worth of advance knowledge and the involvement of the U.S. Department of Homeland Security in issuing virus alerts, showed how easily a genuine cyber-terror hostile attack could be launched and sustained.
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
