Sony hack cost the company $15 million

February 05, 2015 03:11

Last year's massive hack on Sony Pictures Entertainment, which the U.S. administration has blamed on North Korea, cost the Sony division around $15 million.

In Sonys results for the third quarter of its fiscal year (the fourth quarter of 2014 proper), the company had to provide forecasted rather than actual results for the movie unit, because the cyberattack so severely disrupted its network and infrastructure.

The Japanese company placed the cost for investigating and remediating the attack at approximately $15 million, a hit that it will place on its books for the current quarter. It said the impact on its full-year results "will not be material".

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