VMyths current target: Mi2G and MyDoom Estimates
An interesting attack from VMyths' Rob Rosenberger:
I am interested because I, too, would like to estimate damage done and am currently investigating ways to do this. Of course, if you subscribe to VMyths' philosophy, this virus didn't cost anyone anything... I tend to differ slightly - comments inline below.
Vmyths.com Virus Hysteria Alert {2 February 2004, 22:05 CT}
In our previous Hysteria Alert, we predicted "someone will soon declare a 'guesstimate' damage value for the MyDoom virus/worm, strictly for its PR value." Vmyths named mi2g as one of the more dubious candidates.
It is always fun when somebody "predicts" something so obvious that it is hard to be wrong. Some folks do it with caveats and percentages, while still others just state the obvious. Virus damage estimation has been going on for at least three years now. (Full disclosure: I may very well do this sometime in the future as well.) So here is my prediction: sometime in the future, VMyths will blast someone for "fearmongering" strictly for its PR value. (Gosh, I feel like John Edward must when he is speaking with the dead).
mi2g played its PR card with a wag of $38.5 billion in global damages. We dismiss it as completely absurd. mi2g's guesstimate is: * 1.6% of the U.S. federal budget proposed for the next fiscal year; * 40% of the damage to New York City on 9/11/01; and * more than double the cost of Hurricane Andrew in 1992.
These numbers he is using is the first indication of error. Each of these examples deal with real dollars, not economic dollars - certainly for the first one, though there is a chance that it is not true for the other two, but I can only assume that if VMyths doesn't like the mi2g estimates, they won't like estimates used anywhere.
There is something else going on here as well. I call it the "world wide rash" syndrome. It is the difference in the way we feel about one person losing a million dollars (must really be awful) versus two million people each losing a dollar (at least each person only lost a dollar). Of course, the net result is "double the cost of the guy who lost a million dollars..."
Btw, this report estimates the losses due to Hurricane Andrew at $63.9 billion. Not to worry, we don't pay much attention to the U.S. Bureau of Economic Analysis anyway. They were probably just in it for the PR.
mi2g has pulled PR stunts since 1999 on an almost regular basis. See http://Vmyths.com/resource.cfm?id=64&page=1 for a critical look at the firm's shenanigans.
Unfortunately, gullible reporters have already started to latch onto this latest PR stunt. The Web Host Industry Review, for example, published it in breathless tones. Vmyths believes major media outlets will fall like dominoes -- mi2g's declaration is simply too large for them to ignore.
It sounds incredible to say it, but mi2g now demands money if you want to read press releases associated with their PR stunts. You'll pay "£29.38 (including taxes)" just to read their "$38.5 billion" press release, for example.
Visit http://www.mi2g.com/cgi/mi2g/press/010204.php if you don't believe us.
This is actually pretty funny.
We asked it before and we'll ask it again. Why do British fearmongers so often give guesstimates in U.S. dollars?
A cute distraction, intended to "warm" you up to the wit of VMyths. And since I am an American, I would look too proud if I answered this honestly.
mi2g has threatened to sue Vmyths for libel (see http://Vmyths.com/rant.cfm?id=497&page=4 for details) and this Hysteria Alert may lead to a renewed effort to crush us. For the record: we stand by our criticisms of mi2g. However, Vmyths prides itself for an industry-leading "corrections & clarifications" page. Anyone may write to VeaCulpa_at_Vmyths.com to contest our claims & accusations.
One can only hope that someone will care enough to pursue legal action. It is even better PR than estimating the damage done by viruses and worms.
Anyone may visit http://Vmyths.com/rant.cfm?id=470&page=4 to rebut our opinions & criticisms.
Do the math. Stay calm. Stay reasoned. And stay tuned to Vmyths.
So here is the place I have the biggest problem. "Do the math"..."do the math"..."do the math"... has there been anything but the laziest of "math" done here? Come on - comparing random whole numbers.... it is absolutely silly. What would be interesting is if somebody actually did "do the math." I happen to think the number is pretty big as well, but in economic terms, productivity costs money. I like to think that an hour of my time is worth something. Big 5/Final 4 terms think an hour of their time is worth a bit more than something. So comparing the real dollars in a budget to economic dollars that are measuring productivity, among other things, is ridiculous. Of course, these numbers can always be challenged with alternative methods (VMyths chose not to, I suppose).
Rob Rosenberger, editor http://Vmyths.com (319) 646-2800
Acknowledgements: Mary Landesman, http://antivirus.about.com
7:46:09 PM
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