Software Failure Costs For 2000 Put At $500 Billion


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

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: