News

Sony: PSN attack costs "approximately 14 billion yen" this fiscal
Posted: 23.05.2011 12:51 by Simon Priest Comments: 4
In a report from Sony they estimate the cost of the PlayStation Network outage at the hands of hackers will be around "14 billion yen", which is around $171 million.

That's based on "currently known costs" related to the breach. The March earthquake in Japan has hit Sony operating income as well. Fiscal 2012 not so good.


When March 31st, 2012 rolls around the Sony financial books will look a little beat after the horrific natural disaster to strike Japan and the PlayStation Network being hacked.

"Based on information currently available to Sony, our currently known costs associated with the unauthorised network access are estimated to be approximately 14 billion yen in the fiscal year ending March 31, 2012," read a Sony statement.

"During the fiscal year ended March 31, 2011, Sony expects to record charges of approximately 12 billion yen, consisting principally of idle facility costs at manufacturing sites and an incremental provision for life insurance policy reserves," they continued.

5 billion yen is estimated to impact as well from net margin loss over decreased sales from the earthquake. At least PlayStation Network is almost fully returned now.

Comments

By herodotus (SI Herodotus) on May 23, 2011
herodotus
Then there are the compensation claims. If these are honoured (and they must be, according to recent news) then that could be far more damaging. There are also the financial dmages to the evs in this perioed. Still might exceed the 1 billion dollars Microsoft paid out over the "red ring of death " with the 360.
By Eversor (SI Elite) on May 24, 2011
Eversor
Poor sony.
By PowerJack (SI Elite) on May 24, 2011
PowerJack
DOOOOOOM!!!
By FoolWolf (SI Elite) on May 24, 2011
FoolWolf
I wonder how much goodwill they burnt on this debacle as well as just the initial monetary losses...
Guess we will see that later on.