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

W1siziisijiwmtcvmdgvmtqvmtmvmjcvmjgvnja2l2nsb3rozxmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

In Her Shoes... From Market Stall to Recruitment

2017-08-14 14:00:00 +0100

From the melee of the market stall to placing candidates in high-flying IT roles, life's always on the up from market-trader-turned-recruiter, Lois Hinken (22). She took the time to talk to us about how her experience in the cut throat world of the market has helped her in the world of global talent acquisition. As a 360 recruitment consultant for Montash, her negotiation skills and "go get it" attitude have helped her thrive. "I started working on the ...

W1siziisijiwmtcvmdgvmdcvmtmvmtcvntqvnze3l1vudgl0bgvkigrlc2lnbiaomikuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

Will AI Cost Us Our Humanity?

2017-08-07 15:00:00 +0100

As technology evolves, artificial intelligence is becoming increasingly mainstream, and it will inevitably start to impact the way we interact. On the one hand, AI has the potential to solve a variety of problems and streamline our lives and our work. But will this come at the cost of the all-important human touch? A foreshadowing statistic claims that by 2020, 85% of client interactions will be managed without a human[1]. But can there really be an alg...