Sony's Stringer sorry over data breach

Advertisement
By Agence France-Presse | Updated: 15 June 2012 14:52 IST
Highlights
  • Sony chairman and president Howard Stringer apologised to shareholders and customers over the massive data leak
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," 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.

Stringer said 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 $1 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.

Sony's PlayStation Network, its Qriocity music streaming service and Sony Online Entertainment are among other services targeted by hackers recently.

The company has also suffered attacks on websites in Greece, Thailand and Indonesia and on the Canadian site of mobile phone company Sony Ericsson.

In the year to March, Sony suffered a net loss of 259.6 billion yen ($3.2 billion), its third annual loss in a row, citing a large write-down in deferred tax assets in the wake of the March 11 earthquake and tsunami.

But the company forecast a net profit of 80 billion yen for the year to March 2012.

The Tokyo-based maker of PlayStation consoles and Bravia television sets was forced to shutter plants in Japan after the quake and tsunami disaster hit supply chains, damaged some facilities and dampened consumer demand.

Sony shares are around 28 percent below March 10 levels, before the disasters and data breaches took their toll, and hit a two-year low earlier this month. 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Howard Stringer, Sony, apologise, data leak
Advertisement

Related Stories

Popular Mobile Brands
  1. Hogwarts Legacy Is Currently Free on Epic Games Store: How to Redeem
  2. Motorola Edge 70 Ultra Camera Configuration, Other Key Features Leaked
  3. The Game Awards 2025: See the Full List of Winners
  4. Nothing Phone 4a Series Price and Key Specs Tipped
  5. Tomb Raider, Star Wars, Divinity: Everything Announced at The Game Awards
  6. Dominic and the Ladies' Purse OTT Release Date: When and Where to Watch it Online?
  7. Galaxy Mergers Can Switch On Supermassive Black Holes, Euclid Finds
  1. Astronomers Observe Star’s Wobbling Orbit, Confirming Einstein’s Frame-Dragging
  2. Galaxy Collisions Found to Activate Supermassive Black Holes, Euclid Data Shows
  3. JWST Detects Oldest Supernova Ever Seen, Linked to GRB 250314A
  4. Chandra’s New X-Ray Mapping Exposes the Invisible Engines Powering Galaxy Clusters
  5. Blue Origin to Fly First Wheelchair User to Space on New Shepard NS-37
  6. Chandra’s New X-Ray Mapping Exposes the Invisible Engines Powering Galaxy Clusters
  7. Sasivadane Now Streaming on Amazon Prime Video: Everything You Need to Know
  8. Kuttram Purindhavan Now Streaming Online: What You Need to Know?
  9. Lyne Lancer 19 Pro With 2.01-Inch Display, SpO2 Monitoring Launched in India
  10. OpenAI and Disney Reach Licensing Agreement to Bring Its Characters to the Sora App
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.