Other businesses will be looking at the steps that Sony takes and the costs it incurs after the hacking of its information and its decision to suppress 'The Investigator' film after it received threats from the hackers. Mark Rasch, once a cyber crimes prosecutor, suggests that the withdrawal of the film from general release and other related contractual breaches will cost Sony $100m.
Reputation
It could also face risks by former or existing employees over the release of private information about them, by the hackers. He puts at $1m the cost of taking on external lawyers and investigators. He said: 'This is not existential to Sony. But it’s a serious and devastating attack to their reputation and image.'
Boies comment
David Boies, the well-known chair of Boies, Schiller & Flexner, who was recently hired by Sony to represent it, was the first in the Sony camp to suggest that, instead of withdrawing 'The Interview' film, Sony would show it selectively. It was later confirmed that the film - said to have upset North Korea - will be shown in some cinemas on Christmas Day. Source: Financial Times and Toronto Sun
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