The cyber attack against Sony Pictures Entertainment in 2014 will cost the company some US$35 million and affect its earnings.
In November last year Sony received a series of threats and its systems were hacked. The attack occurred a few months after the North Korean government public denounced Sony’s movie “The Interview,” an action-comedy flick about two journalists who set out to assassinate North Korean leader Kim Jung-un.
Sony earlier said investigation and remediation costs for the hack will total $15 million. However, Kazuhiko Takeda, senior general manager, of Sony said the cost will actually be $35 million for the fiscal year through March 31, according to a report in Computerworld.
Sony said money will primarily be used to restore the company’s “financial and IT systems.”
The cost will weight on Sony’s operating profit which is estimated at $460 million for the year ending March 31.