Sony says massive hack cost the company $15 million
Sony Corp. on Wednesday gave a figure for damages from the Sony Pictures hack: $15 million. The hack, which U.S. officials blamed on North Korea, became public in December when the Hollywood studio's computers were crippled and sensitive documents were posted online. The entertainment and electronics giant delayed the announcement of its earnings for the October-December quarter because the cyberattack affected its ability to compile its complete results in time. Sony issued new earnings forecasts for the fiscal year ending in March and said it was benefiting from strong sales of the PlayStation 4, other devices and network services. The company is forecasting a loss of 170 billion yen ($1.4 billion) for the fiscal year The company is forecasting a loss of 170 billion yen ($1.4 billion) for the fiscal year, an improvement from its earlier forecast of a 230 billion yen loss. The company reported a 40 billion yen loss last fiscal year. Sony has brought in new ...