Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Lessons Learnt From Sony Corp (ADR) (SNE)’s Entertainment Unit Hack: John Lucich

The United States imposing economic sanctions on North Korea in the wake of Sony Corp (ADR) (NYSE:SNE) being hacked continues to elicit debate as to whether it is the responsibility of companies to protect their networks or the responsibility of the government. During an interview on Fox Business Network Security Group CEO, John Lucich, reiterated that it is the responsibility of companies to shield their networks from any potential cyber attacks

Sony, is SNE a good stock to buy, Udi Mokady, cyber attack, vandalism, cyber terrorism,

“The government is not responsible to corporations they have to take that on as their own task. What the corporations are doing wrong is that they believe security is tied into products firewall intrusion detective system. Yet every place that has been broken into has these devices,” said Mr. Lucich

Some companies are already fighting back in an attempt of averting any future Sony Corp (ADR) (NYSE:SNE) similar attacks on their networks by luring hackers into attacking fake computers with decoy computers and files. Lucich attributes the recent wave of attacks to IT departments lacking sufficient information regarding network security especially on how it should be carried out.

Ignorance has also played a big role in many networks being left vulnerable to attacks. Seen by the way Sony Corp (ADR) (NYSE:SNE)’s IT department opting not secure a basic a vulnerability on Sony Pictures consequently providing hackers with an easy access point. Hackers are most of the time known to leave back doors after an attack that are usually used to propagate future attacks if a  network is not cleansed

Sony Pictures systems have reportedly been damaged so bad that the company does not know if the hackers are completely out of the network. It might take some time before Sony Corp (ADR) (NYSE:SNE) can be able bring the entertainment unit back to normalcy

MainNerve CEO, Bruce Parkman believes companies should be forced to have cyber security protection systems as one of the ways of averting future attacks.

“What bothers me a lot is that the federal acquisition regulation governs government contracting right now, and there are no stipulation within that regulation that requires companies to have cyber security measures in Place,” said Mr. Parkman

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!