Cashing in on "CIH"

Published: 27 April 1999 y., Tuesday
As hundreds of computer viruses appear each month, anti-virus firms stay busy. The threat of a computer meltdown by the looming "Chernobyl" virus has many people rushing to secure their PCs, and they are turning to a handful of companies that keep a watch on the estimated 300 new viruses created every month. The Chernobyl, or "CIH," virus, which comes on the heels of the Melissa e-mail virus about a month ago, threatens to wreak techno-havoc by destroying files on a computer_s hard drive. April 26 is the 13th anniversary of the Chernobyl nuclear disaster in Ukraine. Variants of the virus already have been detected in Asia and elsewhere, where in some cases the virus is activated on the 26th of every month. Most personal computers already have anti-virus programs installed. But users are being warned that they need to update their software with new programs to ward off the new strains. To get this software, users are directed to the Web sites of a number of companies, mainly Symantec Corp. (SYMC), Network Associates Inc. (NETA), maker of the Norton anti-virus that is installed on many PCs, and Trend Micro. When these headline-making scares hit, anti-virus companies see more business, but they don_t necessarily get a huge boost, analysts said, since about 75 percent of personal computers on the market already have anti-virus equipment installed. Anti-virus software accounts for at least $700 million in revenue each year, estimates Richard W. Davis, of Richard W. Davis & Co. And whenever there is a hyped-up virus such as Chernobyl, Melissa, or Michelangelo -- a virus that struck several years ago -- people become more cognizant of the problem, he said. "I think it makes people aware that there are people out there that like to wreak havoc," he said. "That makes a good basic market for anti-virus products."
Šaltinis: Internet
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Lindows faces a reality check

Lindows.com, the Linux operating system maker, is being forced to re-evaluate its strategy to lure the average computer user away from Windows more »

Cyberterrorism Concerns IT Pros

Threats of terrorism concern IT professionals, and almost half of those surveyed indicated that a major cyber attack on the U.S. government could be imminent more »

search.lt news

search.lt presents newest links more »

Wearable Security Locks Laptop Data

If a user wearing the system's security token walks away from his or her laptop, the system senses it and begins securing the computer by encrypting all data more »

Russia, Iraq May OK 40 Billion US Dollars Deal

Iraq and Russia are close to signing a US$40 billion economic cooperation plan, Iraq's ambassador said Saturday more »

search.lt news

search.lt presents newest links more »

Gold medalists to sue US media

Russian figure skating champions Anton Sikharulidze and Yelena Berezhnaya have voiced their intention to sue US media companies for libel more »

Microsoft finds Content Management Server holes

Microsoft has released a patch for three vulnerabilities, one of which is "critical," in its Content Management Server 2001 product for building and maintaining Web sites. more »

DOD, Army testing biometrics

The Defense Department's Biometrics Management Office (BMO) and the Army's Communications-Electronics Command (Cecom) are partnering to test the integration of fingerprint technology into the Army's tactical Network Operations Center-Vehicle more »

The CAD 3D Working Group

ParallelGraphics Joins Forces with Leading Technology Companies to Establish the CAD 3D Working Group more »