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PSN attacked because "we tried to protect IP" says Sony

on 28 June 2011

Sony CEO Howard Stringer has spoken out about the recent attack on the PlayStation Network, apologizing for the security breach in which hackers accessed data from 100 million user accounts.

"We are sorry for any concern or any inconvenience that the incident may have caused on shareholders, customers and stakeholders," Stringer said at a shareholders meeting this morning.

Stringer also said that Sony was attacked simply for trying to protect its I.P.

“We believe that we first became the subject of attack because we tried to protect our IP, our content, in this case videogames,” he told shareholders.

“These are our corporate assets, and there are those that don’t want us to protect them, they want everything to be free”.

The downtime caused by the hacking of the PlayStation Network could cost Sony 14 billion yen, while shares in the company have dropped by 30 percent this year.