Sony reassesses cost of cyber attack

July 29th, 2011, 00:22 Posted By: wraggster

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."

http://www.gamesindustry.biz/article...nancial-losses

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