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Old-school hacking cases that cost billions

May 17, 2026 by Andy Monzant

#7: The Code Red Worm Infected Hundreds of Thousands of Servers (2001)

The Code Red worm appeared in 2001 and targeted Microsoft IIS web servers during a period when businesses were rapidly moving online. It spread automatically across the internet, defacing websites and slowing network traffic worldwide. Security experts estimated the damage reached billions of dollars as companies rushed to patch vulnerable systems.

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Filed Under: Latest Tagged With: cheapism, infiniteScroll

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