Sony says cost of PSN breach will likely be less than expected

Following the security breach of the PlayStation Network in April, Sony said the attacks would cost the company $170-178 million over the course of the 2012 fiscal year.

Today, somewhat surprisingly, executive vice president and chief financial officer Masaru Kato said "the [total] cost may be smaller than the original cost estimate."

The exec did say that "that was the May forecast. The first quarter cost was within our expected range."

Furthermore, PSN usership has returned to levels before the hack:

Most recently, user logins to the PlayStation Network in North America have returned to a similar level as before the cyber attacks.

Many customers have already returned to our service. At one point people were concerned, [but the] impact will not be as great as we originally estimated.

Written by: Andre Yoskowitz @ 1 Aug 2011 1:54

LordRuss

That's funny... If it isn't all that bad then why all the doom & gloom stories of loss & the likes earlier? Guess that major bump the last taxation quarter must have paid off in major dividends... better than originally thought/hoped.

Making mention of this also doesn't do much good for their solicitation for an insurance claim either. Wonder how that's going to work out?

So what exactly are we to believe this time?

http://onlyinrussellsworld.blogspot.com

1.8.2011 16:08 #1

KillerBug

So...PSN usership has gotten back to what it was before they sold the last few million consoles? I wonder how PSN purchases are...I am sure PSN card sales are through the roof, but I am guessing that PSN store sales are still down, even with the big name DLCs that have been released recently.

2.8.2011 01:58 #2

AfterDawn: News