How LoveBug changed malware forever

20 years ago this month, a student in the Philippines unleashed a computer virus that not only brought millions of computers to a halt, but became a catalyst for the multi-billion dollar ransomware crime industry that we know today. On this anniversary, Mark Nutt, EVP EMEA at Veritas, takes a look back at the incident, and the ripples it sent forward in time, creating the minefield that CIOs are navigating in 2020. 

“LoveBug”, was a simple piece of malware but 20 years ago, it changed the world of cybersecurity. Originally intended to simply harvest the passwords of a few local internet providers, LoveBug spread around the world, infecting over 45 million devices to become the first piece of malware to really take businesses offline in a significant way.