Sony drops appeal and pays £250,000 UK fine for data lost in 2011 PlayStation Network hack

Sony has finally agreed to pay the £250,000 (nearly $400,000) that UK authorities handed in January following the conclusion of an investigation into the hacking of its PlayStation Network in 2011. The incident compromised millions of users’ account details.

The electronics firm initially appealed the decision levied by the Information Commissioner’s Office (ICO), but an update released by the ICO on Friday – via Engadget — confirmed it has agreed to reluctantly pay up. Sony dropped its appeal because it did not want to provide details relating to its security system.

Commenting in January, Sony said it “strongly disagreed” with the ruling, claiming that it was the victim of an attack and that there was no evidence that customers’ card details, which were encrypted, were lost.

SOURCE: thenextweb.com