Stringer pledges $1m identity theft insurance policy

PSN undergoing "final stages of internal testing" but still no date for return

Sony president and CEO Howard Stringer has written a letter directly to PlayStation Network users, in which he has announced a new $1 million identity theft insurance policy for each customer.

Writing on the official PlayStation Blog, Stringer apologised to customers for the ongoing problems and pledged a $1 million insurance policy per user - which came into effect on May 5. Although he emphasised again that, "there is no confirmed evidence any credit card or personal information has been misused".

"I know some believe we should have notified our customers earlier than we did. It's a fair question. As soon as we discovered the potential scope of the intrusion, we shut down the PlayStation Network and Qriocity services and hired some of the best technical experts in the field to determine what happened," he said.

"I wish we could have gotten the answers we needed sooner, but forensic analysis is a complex, time-consuming process. Hackers, after all, do their best to cover their tracks, and it took some time for our experts to find those tracks and begin to identify what personal information had - or had not - been taken."

Unlike Kaz Hirai's recent statement to congress, Stringer made no reference to hacker collective Anonymous. He also made no specific commitment as to when the services would become available again.

However, a subsequent blog post from senior director of corporate communications & social media Patrick Seybold indicated that Sony was in the "final stages of internal testing of the new system, an important step towards restoring PlayStation Network and Qriocity services".

"We understand that many of you are eager to again enjoy the PlayStation Network and Qriocity entertainment services that you love, so we wanted you to be aware of this milestone and our progress. We will provide additional updates as soon as we can," said Seybold.

There was still no indication of exactly when the services would resume, despite earlier indications that there would be a gradual return this week.

Related stories

Sony's software strength offsets flat hardware sales

Sony shipped 9 million units of the PlayStation 4 in Q3, down 700k over last year

By Matthew Handrahan

Kaz Hirai steps down as president and CEO of Sony Corp.

Hirai hands leadership to CFO Kenichiro Yoshida after six years at the helm

By Matthew Handrahan

Latest comments (5)

James Verity6 years ago
thats what he has offered USA customers... no offer has been made for EU customers...
0Sign inorRegisterto rate and reply
James Prendergast Research Chemist 6 years ago
Yes..... exactly. That's only because there are rules in the US that require all people who are victims of this sort of thing be given exactly what they are being "given" by Sony here.

There will be nothing forthcoming for any other countries where there's no requirement around data-theft.
0Sign inorRegisterto rate and reply
Marc Gissler6 years ago
Nick Caplin, Head of Communications at SCEE, stated that they would work "incredibly" hard to establish something similar in the SCEE region: [link url=

Itīs good to know that my hard-earned Million Euros will be safe :)
0Sign inorRegisterto rate and reply
Show all comments (5)
Philip Wilson Project Manager/QA 6 years ago
Wonder how long until Sony finally comes clean and admits that there are people who are seeing fraud attempts (and even success) with CCs stolen from users who had their info compromised from this hack.
0Sign inorRegisterto rate and reply
Sarah Rodriguez Studying Mass Communications, Virginia Commonwealth University6 years ago
So how does the insurance policy work?
0Sign inorRegisterto rate and reply

Sign in to contribute

Need an account? Register now.