Malware wars: Are hackers on top?

The money made from malware is eclipsing the revenue of antivirus vendors, a leading net security vendor claims. Raimund Genes, CTO of antimalware at Trend Micro, cites FBI figures that IT security problems cost the economy $62bn last year against IDC estimates that the antimalware market was worth $26bn in 2005.

The FBI figures include the cost of clean-up operations, not just the profits accrued by the bad guys. Even taking this into account Genes reckons cyber-crooks are raking it in, but we're skeptical. Losses from phishing in the US last year were estimated at $650m, only a tiny fraction of the income of security vendors. Perhaps this figure underestimates malware losses. Placing a figure on malware losses is a notoriously inexact science and the same problems would appear to apply to putting a value on the black economy. Malware wars: Are hackers on top? | Channel Register

Linked by shanmuga Tuesday, 5th December 2006 11:39PM