Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

Sony Says It Was Hacked Through a Known Vulnerability

By Conceivably Tech - Updated Apr 6, 2017 at 10:04PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

As many as 10 million credit cards may have been compromised.

Sony (NYSE: SNE) is still struggling to bring its hacked PlayStation online and conceded that hackers were able to exploit a known vulnerability to gain access to its servers. The company said that some services will be restored within the coming week, and the company will be offering free premium content to its 77 million users.

Sony's Kazuo Hirai provided some more information about the nasty PSN hack, largely reiterating the information that was provided last week. The company estimates that the information of approximately 10 million credit cards may have been compromised. However, Sony noted that there has been no evidence that the credit card data was in fact read and taken.

The company advised users to be cautious about the activity on their accounts and offers assistance in contacting local authorities to protect consumers from identity theft. If a cancellation of a credit card is necessary, Sony will cover the fees that may be involved to reissue a replacement card.

Somewhat disturbing is that the company admitted that a known but unpatched vulnerability in its servers enabled hackers to gain access to user data. According to Sony, while the vulnerability was generally known, its IT staff "was not aware of this specific vulnerability." Sony did not provide further details on which specific vulnerability it was.

Hirai told reporters that Sony expects to partially restore the PSN within one week and bring services such as PS3 and PSP gameplay, PS Home, movie rentals, and chat back online. Full services including the PlayStation Store will be available again within one month, Hirai said. He also noted that, as a sign of appreciation, Sony will be offering free downloadable premium content as a "welcome back" present to its users.

All users will be invited to join PlayStation Plus for 30 days free of charge, and PlayStation plus subscribers will be receiving 30 days of free service as well. A similar offer will be made to Qriocity subscribers.

You can leave a response, or trackback from your own site.

More from ConceivablyTech:

Want to read more about Sony? Add it to My Watchlist, which will find all of our Foolish analysis on this stock.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Sony Corporation Stock Quote
Sony Corporation
$120.16 (0.66%) $0.79

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/03/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.