Posted 27 April, 2011 by 
More about Announcement / Appointment, Hiscox
Following the recent online data hack where millions of names and email addresses were stolen, Matthew Norris, e-risk and privacy expert at specialist insurer Hiscox, comments:
“The early signs are that Sony has suffered a breach of security which necessitates a redesign of their security, an unusual response and major undertaking likely to indicate a significant security vulnerability.
“It seems no fraud monitoring services are currently being offered: this may be a sign that Sony is not yet confident what accounts the hacker gained access to, and so is not willing to offer such a service to 70 million + users until they know who has been affected, when such a service could cost over $100 million.
“It all points to a sophisticated hack, rather than a college prank: sophisticated hacks are an accepted part of the threat landscape now, and often involve criminal networks to sell and use the data stolen.
“And the cost? Too early to tell, but the week’s delay, the outages, and lack of certainty in the communications will undoubtedly unnerve customers.”
Source : Hiscox Press Release
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