We present in this work a unified, quantitative synthesis of analytical and numerical calculations of the effects that could be caused on Earth by a GammaRay Burst (GRB), considering atmospheric and biological implications. The main effects of the illumination by a GRB are classified in four distinct ones and have been calculated. In spite of not belonging to the so-called "classical" GRBs, most of the parameters of this recent flare are quite well-known and have been used as a calibration for our study. We find that a giant flare impinging on Earth is not a threat for life in all practical situations, mainly because it is not as energetic, in spite of being much more frequent than GRBs, unless the source happens to be extremely close.