By almost any measure, the so-called Love Bug virus was the most damaging and costly internet security disaster ever. According to Reuters the bug cost the world $15 billion in lost productivity. The Love Bug would mail itself to everyone in your Outlook address book. Moreover, it would gobble up certain media files stored on your hard drive. One German newspaper tragically lost 2,000 pictures from its archive. The perpetrator turned out to be a 23-year-old Filipino computer science student who more or less plagiarized all of his code. Because of a lack of laws in the Philippines covering computer crimes, he pretty much got away with his crime.

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