Sony has revealed that the PlayStation Network hack is estimated to cost it £105 million over the next financial year.
Sony has stated about the enormous losses it had incurred during the financial year that ended 31st March 2011, commenting on the hack, Sony was forced to shut down PSN for 25 days.
Sony estimates the cost of unauthorized access to the network to be 14 billion yen till the last financial year ending March 31, 2012.
The Japan earthquake in march is said to have reduced Sony’s operating income by £129 million.
Sony’s predictions shows a loss of £1.95 billion for the current financial year.
The PlayStation Network was put idle for 25 days following the security breach that rendered 77 million users account information insecure and 12.3 million credit card details could have been stolen.
An offer of 12 months free security against identity theft to its Play Station Network members is hitting Sony’s bottom line.