Sony CEO Howard Stringer said recently that he could not guarantee the security of the PlayStation Network due to a "never ending process." Sony continues to face criticism on the way the company handled the security breach where personal information of more than 100 million users were compromised.
As BBC reports, Sony is facing criticism on the way the company handled the security breach. Sony lashed back by saying, "We reported in a week. You are telling me my week wasn't fast enough?" Howard Stringer, Sony CEO, said that most security breaches go unreported. Only 43% of firms will actually "notify victims within a month." Stringer also noted that nothing is really "100% secure."
Recently, Sony shut down its Playstation Network due to a massive security breach. "We have discovered that between April 17 and April 19, 2011, certain PlayStation Network and Qriocity service user account information was compromised in connection with an illegal and unauthorized intrusion into our network. While there is no evidence at this time that credit card data was taken, we cannot rule out the possibility." Sony shut down its PlayStation Network on April 20 due to the breach.
Sony's CEO, Howard Stringer, apologized for the "inconvenience and concern" caused by the security breach that potentially included the credit card information of nearly 77 million users to be compromised. Stringer also said that his company was working on investigating the breach and fixing the attack. "We are absolutely dedicated to restoring full and safe service as soon as possible and rewarding you for your patience."
According to Stringer, it is too early to assess the financial impact from the security breach and subsequent outage. Sony is expected to report its full-year financial results on May 26th.