Sony's cyberattack likely to become most expensive for a U.S. company

The devastating cyberattack that hit Sony will likely end up being the costliest suffered by a U.S. company, as lost dollars continue to pile up.

Published Fri, Dec 19 2014 4:20 AM CST   |   Updated Tue, Nov 3 2020 12:11 PM CST

Sony Pictures is facing a public relations nightmare after a major data breach orchestrated by North Korea, and company executives just can't stop the bleeding. The data breach could become the costliest suffered by a U.S. company, with fallout that will surely continue into 2015. Beyond the sensitive documents and personal information stolen, along with the cancellation of "The Interview," there is a strong possibility some actors will avoid Sony in the future.

Sony's cyberattack likely to become most expensive for a U.S. company | TweakTown.com

It remains unclear how much Sony will lose because of the cyberattack, but lawsuits, lost revenue because of "The Interview" being pulled, and other problems will only complicate matters even further.

"This attack went to the heart and core of Sony's business and succeeded," said Avivah Litan, Gartner cybersecurity analyst. "We haven't seen any attack like this in the annals of U.S. breach history."

NEWS SOURCES:cnbc.com, bloomberg.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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