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Spam & Viruses To Lose EU €85bn

Posted: 23rd Mar, 2004 By: MarkJ
The Radicati Group, an analyst firm, has estimated that 46% of e-mails received in Europe will be spam (junk mail) in 2004, rising to 71% for 2008:

"Reducing spam has become the top priority of a growing number of companies, frustrated with the cost and inconvenience caused by spam. By the end of 2004, the total European financial loss due to spam will equal around €9,200m," said the group. "Over the next four years we expect these costs to increase at an average annual rate of 75 percent, totalling €85,400m by 2008".

Spam puts pressure on corporate computer systems, forcing IT managers to invest in more bandwidth and network storage than would otherwise be necessary, on top of the money many firms spend on anti-spam products. It also hinders workplace productivity.


Sounds like all those wonderful new anti-spam proposals aren't doing the job they're supposed to - shock horror. More @ ZDNet.
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