Friday, December 12, 2014

In The News - Sony.

Sony studios are in disarray after being hacked by what a group that is probably affiliated with North Korea in retaliation for a movie Sony is releasing. Thousands of emails have been released, private information has been divulged, servers have been disrupted, and havoc has reigned. So much so that Sony has suspended all filming because it is unable to process payments. Will Sony survive? If not, this might be the first instance of a company being forced into bankruptcy because of hacking. How amazing would that be? We have become so dependent on computer systems that hacking and disrupting a system could cause such catastrophic problems that it could force a company into bankruptcy. Now it is true that Sony was on financial shaky ground to begin with, but the hacking might be the last straw. This is going to be interesting to see how this all unfolds.