Analyst: Security breach could cost Sony $1.24 billion

The PlayStation Network remains down. Will Sony, which owns PlayStation, ever be able to bounce back from this PR debacle?

The company isn’t saying, but Mizuho Investors Securities analyst Nobuo Kurahashi told The Wall Street Journal that it could cost Sony about $1.24 billion in lost business, various compensation costs, and new investments.


After shutting down the PSN on April 20 after a security breach, Sony eventually announced that more than 100 million user accounts were compromised.

Sony missed yet another deadline today, when it promised last week that the network would be up and running—securely—on Monday.

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