Skip to main content
If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Sony reassesses cost of cyber attack

Hack costs not as large as originally predicted

Sony has revealed that the financial losses caused by the cyber attacks in April are less than originally predicted.

In its official presentation of its Q1 earnings, executive vice president and chief financial officer Masaru Kato revealed ""the [total] cost may be smaller than the original cost estimate."

In May Sony predicted that the attacks would cost cost ¥14 billion ($171.2m / £106.1m) by the end of the 2012 fiscal year.

"That was the May forecast," said Kato. "The first quarter cost was within our expected range."

He also revealed that user numbers are returning to the levels seen before the cyber attacks.

"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."

Read this next

Rachel Weber avatar
Rachel Weber: Rachel Weber has been with GamesIndustry since 2011 and specialises in news-writing and investigative journalism. She has more than five years of consumer experience, having previously worked for Future Publishing in the UK.
Related topics