Sony Pictures To Shell Out Tens of Millions of Dollars For Last Weeks Breach

Sony Pictures To Shell Out Tens of Millions of Dollars For Last Weeks Breach(Ping! Zine Web Tech Magazine) – Sony Pictures has had a rough couple of weeks following the massive data breach that occurred in late November.

Digital and legal professionals estimate that the breach, thought to be the work of North Korea, could cost the studio millions of dollars in legal fees, as well as paying cyber security professionals to investigate the hack, reports the LA Times.

Digital security consulting Red-e Digital says Sony could pay more than triple the average amount major corporations pay when a security breach occurs, which is roughly around $7 million.

The hack first occurred on November 24, where Sony employees received a warning issued over all corporate systems from a group of hackers going by the name of GOP, or Guardians of Peace.

Along with the network hack, the group also leaked four unreleased films, Annie, Mr. Turner, Still Alice, and To Write Love on Her Arms, along with Fury, which is currently in theaters.

Last week Re/Code reported that the Hollywood film studio was reportedly investigation whether the attack was issued by North Korea due to the upcoming release of its newest film, The Interview, in which the nation declared a “merciless retaliation” for any country who releases the film.