Sony's Stringer 'sorry' over data breach - 0 views
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Sony has worked to strengthen its information security systems, 'placing our highest priority on ensuring the security of our customers' personal information, and regaining their trust.' The Japanese electronics and entertainment giant has faced a series of cyber attacks and said more than 100 million accounts have been affected, making it one of the largest data breaches in the history of the Internet. Analysts say costs associated with the breach could be as much as US$1 billion (S$1.24 billion), but deeper damage to Sony's brand image could undermine efforts to link its gadgets to an online network of games, movies and music.
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SONY chairman and president Howard Stringer on Tuesday apologised to shareholders and customers over a massive data leak, which helped push its its share price to a two-year low this month. 'In April, we faced a serious challenge in the form of a cyber attack launched against the PlayStation Network, Qriocity and the network systems of Sony Online Entertainment,' Mr Stringer said at a meeting in Tokyo attended by about 5,900 shareholders. 'We are sorry for any concern and inconvenience that the incidents may have caused our shareholders, customers and stakeholders,' he said. The company is expecting its third-straight annual loss this year.
