[Vmyths.com ALERT] mi2g predicts ''catastrophic'' attack in 2004
- CATEGORY: Hysteria related to a publicity stunt
British firm "mi2g" issued a "news release" today to predict a heinous
Internet attack will occur this year. They declared "the probability of a
catastrophic malware attack, defined as global damages in excess of $100bn
from a chain of combined events, has risen from 1 in 40 (2.5%) for 2003 to
about 3 in 10 (30%) for 2004."
Vmyths dismisses the prediction as a blatant publicity stunt.
mi2g is famous in the security world for using a digital crystal ball -- and
this latest "news release" fails to buttress a supposed twelve-fold increase
in the accuracy of their beliefs. Vmyths has documented a string of bad
mi2g predictions dating back to 1999. Two recent examples include (1) a
terrorist cyber-strike on the first anniversary of the "9/11" attacks and
(2) a crippling cyber-war during the 2003 invasion of Iraq.
mi2g did not pinpoint who might launch their newest predicted catastrophe.
They talked only in vague terms about "hacking groups," "criminal
syndicates," and "politically and ideologically motivated" organizations.
mi2g speculated the masterminds will use diabolical "automated malware
agents distributed through email spam, viruses and worms" to "convert
millions of computers to zombies for nefarious purposes." mi2g left
"nefarious purposes" to the reader's imagination.
mi2g defined a "catastrophic malware attack" as "global damages in excess of
$100bn." This is convenient, because mi2g is the media's ONLY source for
absurdly precise virus damage costs. Vmyths believes media outlets will
embrace the new publicity stunt for exactly this reason. Gullible reporters
routinely fall for mi2g's fearmongering predictions, wild damage
guesstimates, irrelevant granfalloons, and creative phrases like "global
digital eco-system" and "digital risk fallout."
Vmyths has repeatedly slammed mi2g over the years for its blatant PR stunts.
This latest "news alert" is actually a thinly veiled plug for their
"D2-Banking" service. We've highlighted mi2g in multiple Hysteria Alerts
and we maintain a "Hysteria roll call" resource on them:
mi2g "Hysteria roll call" resource:
Hysteria Alerts archive:
Vmyths insists you should never take mi2g's claims at face value. For
example, they trumpet themselves as a computer security firm "since 1995"
when in fact they wormed their way into the security world in 1999.
mi2g has threatened in the past to sue Vmyths for libel (see
http://Vmyths.com/rant.cfm?id=497&page=4 for details). For the record: we
stand by our criticisms. However, Vmyths prides itself for an
industry-leading "corrections and clarifications" page. Anyone may write to
VeaCulpa@... to contest our claims & accusations. Anyone may visit
http://Vmyths.com/rant.cfm?id=470&page=4 to rebut our opinions & criticisms.
Don't take mi2g's "news alerts" at face value. Stay calm. Stay reasoned.
And stay tuned to Vmyths.
Rob Rosenberger, editor
Acknowledgements: confidential source
CATEGORY: Hysteria related to a publicity stunt