Case Study
Equifax Stock Plummets After Massive, Mishandled Data Breach
Equifax was hammered on multiple fronts after its lax security practices led to a “...+ Read more
Sony “will have a long road ahead to win back the trust of gamers” after a security breach that shut down its PlayStation Network in spring 2011 turned into a major privacy fiasco. The company waited five days before revealing that user data, including passwords, had been compromised and then disclosed weeks later that at least some credit card information had been lost in the incident as well. In the aftermath of the breach, Sony was sued for failing to secure its data and also excoriated by Congress, with Rep. Bono Mack (R-CA) describing its behavior as a “half-hearted, half-baked response [that] is not going to fly in the future.”