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December 19, 2014

Sony hack puts all companies on alert

  • Suddenly every major company could be the target of cyberextortion.
    • By MAE ANDERSON
    AP Technology Writer

    ATLANTA — Companies across the globe are on high alert to tighten up network security to avoid being the next company brought to its knees by hackers like those that executed the dramatic cyberattack against Sony Pictures Entertainment.

    The hack, which a U.S. official has said investigators believe is linked to North Korea, culminated in the cancellation of a Sony film and ultimately could cost the movie studio hundreds of millions of dollars. That the hack included terrorist threats and was focused on causing major corporate damage, rather than on stealing customer information for fraud like in the breaches at Home Depot and Target, indicates a whole new frontier has emerged in cybersecurity. Suddenly every major company could be the target of cyberextortion.


     
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