You are here

Sony Pictures CEO says cyberattack cost covered by insurance

Friday, January 9, 2015 - 09:02

sonyentermichlyn0901.jpg
Sony Pictures Entertainment Chief Executive Michael Lynton said on Thursday the costs from the devastating cyberattack on the Hollywood studio will be completely covered by insurance and will not lead to further cost-cutting.

[LOS ANGELES] Sony Pictures Entertainment Chief Executive Michael Lynton said on Thursday the costs from the devastating cyberattack on the Hollywood studio will be completely covered by insurance and will not lead to further cost-cutting. "I would say the cost is far less than anything anybody is imagining and certainly shouldn't be anything that is disruptive to our budget," Lynton told Reuters in an interview, seven weeks after the hacking attack that the US government has blamed on North Korea.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom