Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Sony Pictures Breach Costs Movie Giant $15 Million

5/02/2015 by Sharon Shahzad

W1siziisijiwmtuvmdivmduvmtcvmdivmzevndy0l1nvbnlfugljdhvyzxnfrw50zxj0ywlubwvudf9lbnryyw5jzv8xlmpwzyjdlfsiccisinrodw1iiiwinjawedqwmfx1mdazzsjdxq

The destructive cyber-attack on Sony Pictures late last year being blamed on North Korea has already cost the Japanese giant an estimated $15m to investigate and remediate, according to the firm’s latest financials.

Sony released forecasted financial results for the third quarter and a revised consolidated forecast for the fiscal year ending 31 March.

Referencing its California-based entertainment business, it said the “serious disruption of its network and IT infrastructure as a result of a cyber-attack” meant Sony Pictures Entertainment had been unable to close its third quarter financials on time.

It added:

“The current quarter is expected to include approximately 15 million U.S. dollars (1.8 billion yen) in investigation and remediation costs relating to the above-mentioned cyber-attack.”

It’s possible, of course, that Sony Pictures could suffer further costs in the future as a result either of legal action by employees whose data was exposed in the attack, or from damage to its brand and reputation.

Chris McIntosh, CEO of security and comms firm ViaSat UK, argued that any outlay on new technology to prevent breaches in the future must be accompanied by a similar commitment to improving staff awareness and security training.

“Yet even with all the education in the world, there is still the chance of human error. Businesses must also take steps to limit the potential impact that employee actions such as sharing passwords; losing laptops, USB sticks and other hardware; or simply clicking on the wrong link can have,” he added.

“In the best case, sensitive information should be deleted when no longer needed or at the very least encrypted. Only then will organizations like Sony be assured that when the next, inevitable cyber-attack happens the damage to their reputation can be limited.”

This article has been extracted from http://www.infosecurity-magazine.com, please click on this link to read the article in full http://www.infosecurity-magazine.com/news/sony-pictures-breach-costs-movie/

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, IT Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtyvmtivmdcvmtavmdyvndkvntg0l0vudgvychjpc2ugcmvzb3vyy2ugcgxhbm5pbmcgy29wes5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Infor launches new mobile solution

2016-12-07 09:00:00 +0000

Infor, one of the global leaders in enterprise resource planning (ERP) software, has revealed that it is launching a new mobile solution. The company, which has focused on developing specialised business applications for a variety of industries, unveiled Infor Mobility for Field Service (MFS). The solution is a comprehensive mobility application that can streamline operations for employees working in the field. To ensure that field technicians are provi...

W1siziisijiwmtyvmtivmdyvmdkvmjcvmtavnze4l2nsb3vkihrly2hub2xvz3kgc2vydmljzxmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

AI continues to infiltrate cloud computing se...

2016-12-06 09:00:00 +0000

With Google and Microsoft both already working on artificial intelligence (AI) software for their cloud services, it has been revealed that Amazon is now to join the battle. The internet giant is to prioritise developing AI for Amazon Web Services (AWS), the division that sells data storage and computing to IT professionals around the world. AWS is currently the fastest-growing division for Amazon, with the past year having seen sales soar by 60 per cen...