Feb, 2004 : MyDoom Damage Rises, SCO Site Hit by DDoS

📅 February 2, 2004 - The estimated economic damage caused by the MyDoom virus has now reached $38.5 billion, making it the worst malware in history, according to the latest report from mi2g Intelligence Unit (mi2g.net), a digital risk firm.

The figure of $38.5 billion, mi2g says, is calculated in terms of loss of business, bandwidth clogging, productivity erosion, management time reallocation and cost of recovery.
Mi2g also reported that the virus appears to have slowed down, saying that only 10 out of 50 of the top Web hosting and Internet service providers in the world were showing any signs of abnormal delays in their networks.
First appearing last Monday, the MyDoom virus programmed infected computers to launch a distributed denial of service attack on the sco.com Web site Sunday. According to several reports, the virus launched the attack as scheduled as the site's servers were overloaded with requests, bringing the site down. The company confirmed the attack and moved its Web site to a temporary URL. At press time, the sco.com Web site was still offline.
A second variant of the virus, was also set to launch a DDoS attack, reportedly scheduled for Tuesday against the Web site of software giant Microsoft. Mi2g reported that the attack appears to have begun in advanced of the full-blown attack, with the Microsoft Web site home page taking longer than usual to download.
mi2g said the attack may not be as severe as the one on sco.com because the variant of the MyDoom virus programmed to attack Microsoft is not as widespread with only about 10 percent of the MyDoom infections worldwide.