Once the zipped file is opened, it looks as if it's running WinZip. What is actually happening is .zip attachments are expanding to overwrite operating-system components, apparently erasing files on the PC's hard drive. The worm looks through local and networked drives C to Z, searching for files with .h, .c, .cpp, .asm, .doc, .xls, and .ppt, and then erases them.
If a PC is infected, it will reply to every E-mail it receives, sending the virus back to the Internet. The reply E-mail reads: "Hi [recipient's name]! I received your E-mail and I shall send you a reply ASAP. Till then, take a look at the attached zipped docs." Several companies, including General Electric Co., reportedly shut down their E-mail systems today to cope with the worm virus. Network Associates, Symantec, Trend Micro, and other antivirus software vendors are posting antidotes to the virus on their Web sites today.
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The Data Management Challenge of Quantitative Analysis (NOTE: other asset is webcast)
This paper dives into the world of the quants, examining the overall growth of the quantitatively-driven investment market, and highlighting the challenges that quants face in processing exponentially growing volumes of market data to develop alpha discovery models.

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