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Credit Data Risked in PlayStation Outage

The Ponemon Institute, a data-security research firm, estimated that the cost of a data breach involving a malicious or criminal act averaged $ 318 per compromised record in 2010, up 48 percent from the year earlier.

That could pin the potential cost of the PlayStation breach at more than $24 billion.

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Temporary_Name2421d ago (Edited 2421d ago )

Just like 360 magazine predicted.

.....................The big question is, will Sony survive the hit and start over, or is it too late?

Daver2421d ago

I really doubt it will happen...

Active Reload2421d ago

That's a lot of zeroooooos.......

Iamback2421d ago

24 billion is pure nonsense. Since this is google translation, it was probably lost in translation. 24 million ok, 24 billion only a moron would come up with that number. Do people even realize how much money that is?

NaiNaiNai2421d ago (Edited 2421d ago )

there is no way it would only be 24M,

that wouldn't even be enough for 1M members, Everyone would be compensated about 24$ each in US currency.

So the 24B sounds right.

sikbeta2421d ago (Edited 2421d ago )

First of all 77m psn accounts combining PSP+PS2 (I think)+PS3, second you need to know, out of those 77m psn account, how many use CC, cos those accounts are the more affected by this whole thing, then out of that, you take out the multiple accounts that belongs to a master account, or the one people use as their main account...

Edit:

@nainai

77m accounts and $24 per user is more like 1.5billion, not 24billion :P

Iamback2421d ago Show
rockleex2421d ago (Edited 2421d ago )

"The company attributes this to estimate the average cost of compromised records that will be used for malicious or criminal activities. Accordingly, this would be the last year 318 U.S. dollars per compromised record. In the calculations, however, is a worst-case scenario"

The very worst case scenario, which is unlikely.

Multiple accounts and more than half the PSN accounts probably don't even have credit card info on their PSN account.

NaiNaiNai2421d ago (Edited 2421d ago )

@ Iamback

LMFAO XD you need to check your own math.

24 *1,000,000 does not = 1.4B ROFL.

if 70M users accounts where all hacked. *with credit card accounts* sony would have made a announcement, Just because of the number of accounts on PSN doesn't mean its total amount stolen, people have already said they pay with giftcards, remove cards after use, or even have cards that have expired from old unused account, *I have atleast 4 psn account 3 of which I no longer use.*

So really it does seem about right.

*edit*
6 disagrees,

so 24 x 1 Million officially equals 1.4 billion dollars.

ZeroX98762421d ago

example, I have 4 or 5 accounts on my PS3 and one for my PSP, so you can clear6 people right there and most of my friends that does have a PS3 don't have credit card info on their account since they buy PSN cards and they also have multiple accounts.
Plus, contrary to xbox live, psn is free so a lot of gamers doesn't have credit card info registered on their account since they don't buy anything on PSN and they can play for free.

If Xbox live servers were hacked and information were leaked then yeah, THAT would be some big trouble, since everyone that wants to play online needs a credit card or microsoft xbox live cards, so the ratio of "accounts that have credit cards info / total accounts" should be bigger on xbox live than PSN.

captain-obvious2421d ago (Edited 2421d ago )

lol
that money is like pocket change to me
pfffffffft

oh wait wait
its over 24,000,000,000 !!!!!!!!!!!!!!!

looooooooooooololololololol

nycrekid2421d ago Show
+ Show (8) more repliesLast reply 2421d ago
Arapidos2421d ago

haha THIS IS PERFECT! SONY stock will go down to an affordable price... enough for me to buy tons of stock... and then watch it grow after SONY recovers from this!

.... THEN SELL SELL SELL

TheDeadMetalhead2421d ago (Edited 2421d ago )

...HOLY CRAP WE'RE GOING TO BE RICH!

Noble Spartan2421d ago ShowReplies(2)
Thatguy-3102421d ago

Ppl need to remember that all 77 million accounts include the many accounts that a ps3 Gamer creates...I for one have 9 accounts and they also need to notice how not everyone had their credit card info implemented with their account too

TheDeadMetalhead2421d ago (Edited 2421d ago )

I have 3, so that brings us down to 76,999,988...

InLaLaLand2421d ago

I thought it counts as PSP users as well but I might be wrong.

ikkeweer2421d ago

The calculation is based on "Worst-Case-Szenario" ;, as in every PSN user had a credit-card acount that has been hacked. AKA complete bullshit info.

chidori6662421d ago

Okay, this is a load of Bull because there is no way that Sony is going to be finished because this.

frostypants2421d ago (Edited 2421d ago )

First of all, $24 billion is a ridiculous estimate. Whoever came up with that was steering their analysis for maximum shock factor.

Second of all, it isn't saying that it would cost SONY $24 billion. It is estimating total cost to everyone affected, in sum. It's 99% speculation.

In other words, it's just a talking point. It doesn't really mean anything.

+ Show (4) more repliesLast reply 2421d ago
Max_Dissatisfaction2421d ago

Lol, good one.
Isn't this the only time that fanboys will the allow 77 million users to actually be 77 million user names and not necessarily 77 million users?

Raendom2421d ago

Just think, investing a few million here and there to just ENCRYPT our passwords/info could have saved them 24BN... Pretty pissed off at Sony (but not the PS3; nothing changes the fact 2011 is still a great year of exclusives).