Around AOTF ×
Platforms
More
News

Sony insurers looking to bail before possible lawsuits from PSN hack

by | @AttackFanboy | on July 22, 2011

PlayStation 3

Current estimates put the recent PSN hack damages in the range of 100’s of millions of dollars.  Sony which has insurers in place to cover these types of things, but those insurers are looking to bail on the electronics maker.  The insurers believe that they shouldn’t be held responsible for the claims that are likely to arise from class-action lawsuits or other large payouts that might be looming in the future.  The cases could be costly for the PlayStation 3 maker, Sony is currently facing over 50 class action lawsuits.

Current estimates internally from Sony are stating that the hack could cost over 170 million dollars at this point.  It  is said that Sony is seeking new insurance coverage to help pay these potential damages.

The now infamous PlayStation Network downtime of 2011, not only stopped the network community from playing games, there was also a security threat in which millions of customers personal and private information was secured illegally in the network breach.  It looks like there are some serious real world implications that Sony will be facing in the coming months and years.

Source: Gamasutra

Read This Next
PSN Down Again – PS4, PS3, and Vita Hit With Major Outage
PSN Down Again – PS4, PS3, and Vita Hit With Major Outage

Update: All services have been restored. Original Story: For the second time in just a couple of days PSN is down, bringing...

PSN Down – Sign In Issues for Some PS4 and PS3 Users
PSN Down – Sign In Issues for Some PS4 and PS3 Users

Update: Services have been restored. Original Story: PSN is currently down as of 9pm Eastern Time. The outage began only moments ago,...

PSN Down: Services Limited Causing Problems for Many Users
PSN Down: Services Limited Causing Problems for Many Users

Update: All services are back up and running. Original Story: Sony’s PSN is currently down for many users around the world. The...

Say Something