Over 55 U.S. Lawsuits Hit Sony Over PSN Hack
According to a Reuters report, Sony Corporation (NYSE: SNE) has been hit with nearly 55 lawsuits just in the United States. The reason behind the 55 lawsuits, steams back to April’s security breach. Sony’s gaming network for their PlayStation 3, the PlayStation Network (PSN) was the victim of one of the largest hacks which caused Sony to shut down services for over a month. Over 75 million PSN members worldwide were affected.
It is still unknown if credit card information was stolen in the attack, however Sony had asked users to take precautions because they still couldn’t rule out the possibility. They even went on record stating that they did know other personal information such as names, emails, and even passwords were stolen. For people that use the same password for
Now Zurich American, one of Sony’s many insures, is in on the legal battle. However, they’re not there to defend Sony. Zurich American is trying to get out of paying the legal insurance fees for the lawsuits. The insurance company argued in court asking a judge to rule that the company doesn’t have to pay to defend Sony from the 55 class action lawsuits.
Overall this will be an interesting case to watch in the upcoming months. It will be much harder for the 55 individuals to prove Sony was negligent. The question is virtual property damage the same as physical property damage.