Sony has given a revised forecast for their fiscal year today, adding a large loss resulting from the earthquake and tsunami tragedy in Japan and the security breach of the PlayStation Network.
The company says the PSN breach will cost Sony $171.1 million and the earthquake will cost them a devastating $1.8 billion.
PSN costs were mainly attributed to the cost of the free 1-year of ID theft protection the company is offering all affected, as well as the free games/PlayStation Plus and customer support costs.
Adds Sony (via Gamasutra):
So far, we have not received any confirmed reports of customer identity theft issues, nor confirmed any misuse of credit cards from the cyber-attack. Those are key variables, and if that changes, the costs could change.
In addition, in connection with the data breach, class action lawsuits have been filed against Sony and certain of its subsidiaries and regulatory inquiries have begun; however, those are all at a preliminary stage, so we are not able to include the possible outcome of any of them in our results forecast for the fiscal year ending March 2012 at this moment.
Overall, thanks to the earthquake and the PSN issues, Sony says its fiscal year, ended in March 2011, will be revised down to a $3.2 billion loss from an $858.5 million profit.
Sony did say, however, that the earthquake will not affect the release of the NGP (PSP 2) and that the PlayStation Store would be available again this week.
Result for: ting
VUPEN Security has announced the discovery of a vulnerability in Google’s Chrome browser software.
Google Chrome has survived assaults at the Pwn2Own contest for the last three years. Now, French security firm VUPEN says it is unhappy to announced that it has officially “Pwned” Google Chrome and its protective Sandbox measures.
VUPEN uploaded a video of the browser exploit in action which bypasses all security features including ASLR/DEP/Sandbox, without exploiting a Windows kernel vulnerability. It works on all Windows systems and with the latest versions of the Chrome browser.
In the video, a web page is loaded displaying just a text message - “Your browser is being Pwned!” - and after a few seconds of inactivity (and without a visible crash in Chrome), the windows calculator application runs. According to the VUPEN write-up, the calculator executable is downloaded and executed.
At Pwn2Own in March this year, VUPEN successfully attacked Safari in much the same way. A specially crafted web page was loaded and several seconds later, the Mac OS X calculator application was launched and a file was written to the hard drive to demonstrate that the Sandbox had been compromised.
For obvious reasons, the write-up does not disclose technical information on the exploit, only to say that it is one of the most sophisticated codes they have used so far.
Result for: ting
The Aubrun, Maine school department has announced this week that every kindergarten student in the district will receive an iPad 2 tablet for the upcoming fall semester.
There are 285 students and teachers, and the endeavor will cost around $200,000.
As a test program, 20 or so students will get their iPads in May.
Says superintendent Tom Morrill:
When you look at what the iPad 2 apps that are out there, from learning your letters from books, that can be read, finger painting your name, it’s absolutely something we must do.
School officials say they hope the iPads will boost literacy rates to 90 percent in two years. Current levels have hovered around 60 percent.
