Friday, May 6, 2011

sony's insurers to help foot bill for breach?


recently, it was reported that hackers has successfully breached sony's network and accessed personal data fro more than 100 million of it's online video game users. and with it, there is a question of the hackers' obtaining some 12.3 milllion credit card numbers during the hacking.

on april 19, 2011, sony noticed unauthorised activity and reported this to the united states federal bureau of investigation on april 22, 2011.

now, sony is looking to it's insurers to pay for this massive breach of data and one expert estimates this figure could exceed us$2 billion.

according to a sony spokesman, mr dan race who told reuters;

"we have a variety of types of insurance that cover damages."

but mr race refused to disclose who were their insurers or whether there was a cap on the size of the payout.

my comments:


it is good to know that sony corp has confirmed that the company has a variety of type of insurers that cover damages which may include cyber breach.

mr zeiler, a director of security and compliance for american internet services, said the insurers may try to blame sony for negligence for failing to properly secure it's data centres.

but if sony has properly secure all of it's data centres, this is one significant point in it's favour.

but my point is, without insurance, sony may be facing a big bill that experts estimate could exceed us$2 billion.

No comments:

Post a Comment