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ILOVEYOU Virus
ILOVEYOU Virus is also known as the "love letter virus" and the "love bug worm." Although commonly referred to as a computer virus, ILOVEYOU is actually a worm.ILOVEYOU Virus is considered one of the most virulent computer virus ever created. It managed to wreck havoc on computer systems all over the world
The outbreak was later estimated to have caused US$5.5–8.7 billion in damages worldwide, and estimated to cost US$10–15 billion to remove the worm. Within ten days, over fifty million infections had been reported, and it is estimated that 10% of Internet-connected computers in the world had been affected.
The virus was created by two Filipino programers, Reonel Ramones and Onel de Guzman. What it did was use social engineering to get people to click on the attachment; in this case, a love confession. The attachment was actually a script that poses as a TXT file, due to Windows at the time hiding the actual extension of the file.
Once clicked, it will send itself to everyone in the user’s mailing list and proceed to overwrite files with itself, making the computer unbootable. The two were never charged, as there were no laws about malware. This led to the enactment of the E-Commerce Law to address the problem.
The ILOVEYOU computer virus first began to appear in May 2000.
source
hongkiat.com
wikipedia.org
techtarget.com
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