PracticePeople In PracticeUrgent talks as Code Red rears its head

Urgent talks as Code Red rears its head

The US government and IT security groups are today holding an emergency conference at the International Trade Centre to address the threat posed by the Code Red virus, due to strike again tomorrow.

A number of respected IT industry organisations are meeting to advise organisations to take immediate action to respond to the threat.

The Code Red virus, known as a worm, is poised to strike again on Wednesday at 1am BST, when it emerges from its dormant state to infect more machines.

Those present at the security conference are warning that ‘it is very likely that the resulting distributed denial of service could impact businesses and home users as the internet slows down dramatically’.

Security firm ISS, which is also present at the conference, said that most IT system administrators and users will ‘not even know they have been compromised’.

According to ISS, the Code Red worm infected more than 250,000 computer systems in just nine hours on 19 July. It infects systems by exploiting weaknesses Micorsoft technology, before using infected servers as launch pads to attack more systems.

‘This uncontrolled growth in scanning directly decreases the speed of the internet and can cause sporadic but widespread outages among all types of systems,’ said ISS.

It is also believed that the worm has mutated ‘so that it may be even more dangerous’.

To harden vulnerable servers against this attack Microsoft has released programs or patches which are available for its operating systems.

Links

Kournikova virus spreads exponentially

New Melissa virus strikes in Europe

Christmas emails with a sting in their tail

Viruses won’t be stopped by tougher laws

Will Internet security software bring the criminals to book?

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

6m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

6m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

6m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

10m Emma Smith, Managing Editor