Sony Corp (ADR) (SNE) Hacking Is Not An Act Of War But Cyber Vandalism: Barack Obama

U.S. President, Barack Obama, has quashed suggestions that the Sony Corp (ADR) (NYSE:SNE) hacking episode was an act of war as investigations continue to indicate that North Korea might have some hand in it. Bloomberg’s Yvonne Man reports that North Korea continues to deny any involvement in the attack, going as far as showing its willingness to assist in the investigations.

“President Obama has described this Sony hack as vandalism and not an act of war. Washington has blamed Pyongyang for the attack, and the president says the U.S is considering putting North Korea back on the list of sponsors of terrorism,” said Mrs. Man.

The remarks according to Reuters are aimed at limiting U.S anger over the incidence that has seen a number of personal information related to Sony Corp (ADR) (NYSE:SNE) employee’s being paraded online. The Obama administration is believed to be weighing options of how to respond to the incidence that continues to attract global condemnation.

A number of employee’s personal information including social security numbers, email addresses, and personal address have already been floated online with the hackers threatening to post more classified information.

Sony Corp (ADR) (NYSE:SNE) has been forced to cancel the airing of the film ‘The interview’ that is at the center of the standoff between the U.S and North Korea. Obama has already stated that he thinks the attack is an act of cyber vandalism that was costly and expensive. The hack attack may see North Korea listed back in the list of states thought to be sponsoring acts of terrorism having been deleted 6 years ago.

Obama has also joined a number of people who have condemned Sony Corp (ADR) (NYSE:SNE) for falling prey to the hacker’s demands on opting not to air movie. The company’s CEO, Michael Lynton, has stated that the company had no choice but to withdraw the airing of the movie as a number of theaters had already refused to show it. The CEO has also in the recent days shown some indication that the company may be willing to go forth and air the film.

Free 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