Hack to cost Sony $35 million in IT repairs

Sony has put an estimate to the damage caused by the massive cyberattack against Sony Pictures Entertainment last year — US$35 million.

While Sony said in an earnings report that the hack would cost $15 million “in investigation and remediation costs” for the quarter to Dec. 31, senior general manager Kazuhiko Takeda said Wednesday that the figure would be $35 million for the full fiscal year through March 31.

“The figure primarily covers costs such as those associated with restoring our financial and IT systems,” a spokesman at Sony’s Tokyo headquarters said later via email.

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