PlayStation

Recently, the gaming giant Sony PlayStation was hacked by anonymous person, otherwise known as an online “hactivist.”Sony announced to their users that their system was down and that it was being put under construction. The real story was that over seventy-seven million PlayStation users personal information was breached and available for access. The criminal responsible for this breach of PlayStation’s security is still at large and is far from being caught. This has TREMENDOUS ramifications for PlayStation’s users; almost all of their information could have been confiscated and used without any of them knowing. Sony PlayStation will have to undergo a complete security makeover. They are going to have to start from the ground up, and rebuild their once indestructible security system. From an economic standpoint, the amount of new PlayStation users would most likely drop, as well as the demand for a new version of the system. The lack of security that online users are facing is immense; they are open to an attack on their information at any time. The marginal revenue for Sony and their product PlayStation will also be affected. There won’t be any additional income from selling the gaming system for a while, due to the fear of losing credit card information. Sony is now currently rebuilding their security and they have said to be in the final stages of this rebuilding. Some of the costs for PlayStation most likely won’t be affected though. For instance, the operating cost should not change as well as the marginal cost. Is this hack of PlayStation’s security going to hurt the gaming giant for the future? Or is this just one minor slip up that will be blown over in a matter of time? Only time will tell…