It was a matter of time of course, but either Xbox Live or Playstation Network were bound to be hit once by hackers. It just shows that internet fraud is here to stay and it can hit every company. The nightmare for Sony is extremely big and will cost the company billions of Dollars. The stock markets already weigh in on the PSN outage. Today, Sony shares fell 4.5 percent to 2,260 ($27.71) on the Tokyo Stock Exchange.
The company is doing everything it can to salvage its reputation and keep its customers. So far, no credit card companies have seen any related activity to the breach yet, but that of course is no guarantee that nothing has been obtained. Continue reading
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