Word: symantec
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...anti-virus company Symantec claims that by yesterday afternoon, over 10,000 computers worldwide were infected by Sasser. But many computer service websites placed the estimate closer to 100,000 machines. Companies in Finland, Taiwan, Australia and the United States were initially hardest-hit by the virus...
...flung federal agencies into one National Cyber Security Division (NCSD). He says "digital Pearl Harbor" scenarios are exaggerated: "That's a bit of an overplay for me, and I get paid to worry about this stuff." In October, Amit Yoran, a former vice president of the Internet security firm Symantec, became head of the NCSD, which will attempt to seek and destroy vulnerabilities in cyberspace, issue warnings in real time and foster communication with the vast private sector, which owns 85% of the infrastructure...
WICK: My favorite stock and largest position is Symantec, the leading company in antivirus software and a contender in things like vulnerability assessment. Symantec is a very well-run company, extremely profitable. They've been buying back stock religiously, and it's very cheap. I'd make the argument that security is growing as a percentage of corporate information technology spending, and it's more resistant to recessionary cutbacks. Another software company that we like is Autodesk. If you're an architect and want to translate your thoughts or drawings into a computer-generated model, you use Autodesk's drafting...
...worse. Imagine what a well-designed Love Bug could do when we have become even more dependent on computer networks and those networks are wireless. An Internet outage could keep us not only from sending e-mail but also from gassing up the car or depositing our paychecks. Warns Symantec vice president Steve Cullen: "We're only fractionally connected right now. The possibility for virus attacks will become exponentially greater in the wireless future...
...computer-security experts is that the Love Bug is the biggest virus outbreak in history--"by at least threefold," says ICSA.net's Tippett. Agrees McAfee president and CEO Gene Hodges: "It's clear at this point that this is the most damaging and the most widespread virus outbreak ever." Symantec's Moritz is more cautious, conceding that it is No. 1 in numbers and rate of spread, but for sheer destructiveness he prefers last year's Explore.Zip, an especially vindictive virus designed to destroy Microsoft Word, Excel and Powerpoint files...