By Lisa Richwine LOS ANGELES (Reuters) - Sony Corp's <6758.T> movie studio could face tens of millions of dollars in costs from the massive computer hack that hobbled its operations and exposed sensitive data, according to cybersecurity experts who have studied past breaches. The tab will be less than the $171 million Sony estimated for the breach of its Playstation Network in 2011 because it does not appear to involve customer data, the experts said. Major costs for the attack by unidentified hackers include the investigation into what happened, computer repair or replacement, and steps to prevent a future attack. Lost productivity while operations were disrupted will add to the price tag. The attack, believed to be the worst of its type on a company on U.S. soil, also hits Sony's reputation for a perceived failure to safeguard information, said Jim Lewis, senior fellow at the Center for Strategic and International Studies. "Usually, people get over it, but it does have a short-term effect," said Lewis, who estimated costs for Sony could stretch to $100 million. It typically takes at least six months after a breach to determine the full financial impact, Lewis said. Sony has declined to estimate costs, saying it was still assessing the impact. The company has insurance to cover data breaches, a person familiar with the matter said. Cybersecurity insurance typically reimburses only a portion of costs from hacking incidents, experts said. People claiming responsibility for the attack posted yet-to-be-released Sony films online, including holiday musical "Annie." Macquarie Research analysts projected Sony would likely take an impairment charge of 10 billion yen ($83 million) related to the incident. Mark Rasch, a former federal cyber crimes prosecutor, estimated costs could run up to $70 million. Losses in that range would not mean a big financial setback to Sony Pictures Entertainment, which reported operating profit of $501 million for the fiscal year through March. But other effects, such as the loss of trade secrets, will be difficult to measure, Rasch said. Hackers have released a trove of documents that include contracts and marketing plans that could influence competitors' strategies. Costs could mount if Hollywood stars, producers or financiers decide to take projects to Sony's competitors. "Will they be able to attract high-name stars if those stars believe their personal information will not be protected?" he said. "How do you know what business opportunities are lost? It's hard to put a dollar figure on it." (Editing by Mary Milliken and Jonathan Oatis)
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting
- Men's Health
Steve, 35, from Scarborough in the UK reacts to seeing himself without his full face and head tattoos for the first time in 20 years on webseries Transformed.
- Good Housekeeping
Candy star Jessica Biel pulled out all the stops for her latest appearance on The Late Late Show. Take a look here.
- Yahoo Life
Kim Kardashian’s Sports Illustrated Swimsuit cover sparks criticism: 'I've never been so disappointed'
Editor-in-chief MJ Day explains why Kim K. was a fit for the cover.
- Yahoo Life
Sports Illustrated Swimsuit features its 1st Indigenous model: 'I'm a strong, empowered and fearless woman making history'
"I just want Indigenous women and girls to see their faces reflected in mine and know that any dream is attainable."
- Footwear News
Sarah Hyland Commands Attention In 6-Inch Heels & Plunging Little Black Dress for a Night Out in NYC
Sarah Hyland was spotted out in New York City in a plunging black dress and 6-inch sandals.
- Ukrayinska Pravda
Terror-stricken Russians anticipate the delivery of foreign arms to the Armed Forces of Ukraine - conversation intercepted by the Security Service of Ukraine
IRYNA BALACHUK - Tuesday, 17 May 2022, 10:41 The Security Service of Ukraine has published another intercepted conversation between Russian soldiers. In that conversation, the aggressors express their envy that Ukrainians have Bayraktars (medium-altitude long-range unmanned combat aerial vehicles), and they are terror-stricken at the prospect of the delivery of foreign weapons to the Armed Forces of Ukraine.
The Fox News host was all over the place in her hot take on the racist massacre that killed 10 in a New York state supermarket.
- House Beautiful
Demi Moore, 58, snapped a mirror selfie in a black bikini on Instagram. The actress says dance cardio and classes by The Mirror help her stay fit.
Surveillance footage from China showed an 8-year-old boy violently stomping on the head of a 2-year-old girl to steal the snacks she was carrying. On May 5, the boy, named Zhuang, entered the toddler’s home in Haikou where she was playing alone, according to a Weibo post from Owl Video. In the surveillance footage, the boy is seen kicking the 2-year-old to the ground before violently stomping on her head.
It isn’t often that Meghan Markle is photographed out living her life in California, but this past weekend, paparazzi captured the Duchess of Sussex two days in a row.
Skip Bayless on What Lil Wayne Allegedly Overheard During Heated Exchange Between Monty Williams and Deandre Ayton
On Monday's episode of 'Undisputed,' Skip Bayless relayed what Lil Wayne overheard from his courtside seat during the Suns' Game 7 loss to the Mavericks.
And incorporated every possible hot summer trend.
Amber Heard said James Franco made a late-night visit to her apartment after a fight with Johnny Depp because she 'exhausted' her support network
"I quite literally exhausted my support network with my usual friends and I was happy to welcome as much friendship at that time as I could possibly get."
Putin's appearance and behavior are fuelling speculation about his health. Over the weekend, Ukrainian intelligence said he was badly ill.
- The Telegraph
Tiger Woods expressed his “disappointment” that Phil Mickelson is not in Texas at Southern Hills to defend his US PGA crown this week, but only after tearing into his rival for siding with the Saudis and putting his own interests above that of the PGA Tour.
- Daytona Beach News-Journal
Chase Elliott lost his tire, then his mind ... Joey Logano sends a warning to William Byron and Dale Jr. said what about Kurt Busch?
- The Courier Journal
St. Xavier grad Justin Thomas isn't pleased with how much golf fans are paying for beer at Southern Hills, which is hosting the 2022 PGA Championship.
- NBC Sports BayArea
Charles Barkley is known for his outlandish takes about pretty much everything, but this one won't sit well with most Warriors fans.
- In The Know by Yahoo
Family rejects daughter’s plea not to be ‘weird’ when meeting her boyfriend: ‘I would never speak to my family again’
This is certainly one way to leave a first impression.
- Women's Health
Heidi Klum showed off her seriously sculpted butt and abs in a thong bikini and sheer bodysuit this weekend. The model loves running around NYC.