Software Failure Costs For 2000 Put At $500 Billion

NEWS

DULLES, VIRGINIA -- Losses worldwide from computer software failure last year are estimated at $500 billion in terms of lost business revenue, reduced productivity and damaged brand reputation, says Dulles-based software risk management firm Cigital Inc.

Cigital chief executive Jeffery Payne attributed the size of the loss to the large and increasing number of well-publicised failures and the recent spate of internet-borne computer viruses.

Examples of costly failures cited by Cigital include

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