Netsky causing billions in damages

Based on helpdesk support costs, contingency outsourcing, loss of business, and more, a security firm puts a $3.12 billion tag on Netsky.B--and there's a new Netsky.C.

Despite requiring the computer user to actively run an attachment, Netsky.C seems to be spreading fast, with anti-virus vendor Central Command claiming it had discovered 1,500 infections of the virus within 40 minutes of its discovery. Like Netsky.B the latest virus uses its own SMTP engine to e-mail itself to addresses found on the computer, and copies itself into any folder it finds whose name includes "shar".

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UK security company mi2g estimated the economic damage done by Netsky.B worldwide to be at least US$3.12 billion. This was calculated "on the basis of helpdesk support costs, overtime payments, contingency outsourcing, loss of business, bandwidth clogging, productivity erosion, management time reallocation, cost of recovery, and software upgrades".

MyDoom.F is the latest variant of the virus that launched a distributed denial of service (DDoS) attack against the SCO Web site early this month. The latest variant launches a DDoS attack against both and if the infected computer's local system is dated between 17 and 22 of any month. The virus also opens a backdoor which will allow crackers to gain access to the computer.

"We firmly believe denial of service attacks that produce wave after wave of downed Web sites and infected emails are the new reality in the fight against spam, viruses and worms," said Scott Chasin, e-mail management company MX Logic's chief technology officer. "Just consider the number of broadband PCs, sitting on desks, without updated defenses and with 'always on' broadband connections - and you immediately understand the opportunity for these assaults."

MyDoom.F also randomly deletes files on the infected computer, a feature that has started to die out from viruses.