BankThink

Sony Says Breach Wasn't Bad for Business

By Daniel Wolfe September 02, 2011, 2:01 p.m. EDT 1 Min Read

Bank technology

Sony Tells More About Data Breach

Sony Corp. has provided further details on the data breach that affected up to 77 million users of its PlayStation Network.

By Daniel Wolfe

April 28

The massive data breach of Sony Corp.'s PlayStation Network hasn't deterred people from using it – 3 million new customers have signed up since the incident was disclosed in April.

The personal data of up to 77 million users of Sony's online gaming network and media store was exposed in the breach, and Sony took the PSN system offline for an extended period to improve its security.

Sony offered free games and identity theft protection to the affected people, and although the incident would seem to have tarred the company's image among gamers, "we have more than 3 million new customers since the network came back online, and sales are exceeding what we had before the cyberattacks," Sony CEO Howard Stringer said in a speech Wednesday, according to CNET News.

Content Director, Payments and Credit Unions, American Banker

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Politics and policy

'We lean optimistic': Bankers hope election outcome will boost loan growth

Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.

By Catherine Leffert

5h ago
Payments

How one industry group is challenging the CFPB's BNPL rule

The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here's what's at stake.

By Joey Pizzolato

5h ago
Election 2024

Election could mean new leaders for key Congressional committees

Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.

By Caitlin Devitt

7h ago
Customer experience

'Like qualitative research without having to pay': A bank's guide to Reddit

Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.

By Miriam Cross

8h ago
Federal Reserve

Senate Democrats call for another half-point Fed rate cut

Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.

By Kyle Campbell

8h ago
Community banking

Community banks hire, promote top executives in October

Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.

By Jim Dobbs

9h ago