Did Sony Corp (ADR) (SNE) Ignore Warning E-Mails Over Hack?

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As per the latest findings, it appears that Sony Corp (ADR) (NYSE:SNE) received warnings of the potential hack attack in advance. Mashable has found out that the company’s executives were sent threatening emails three days before the actual attack. The details have been sieved through the executives’ email messages, which read, “We’ve got great damage by Sony Pictures. The compensation for it, monetary compensation we want. Pay the damage, or Sony Pictures will be bombarded as a whole. You know us very well. We never wait long. You’d better behave wisely. From God’s Apstls”

Email Content

The email was sent out to Sony Corp (ADR) (NYSE:SNE)’s executives including CEO Michael Lynton and Chairman Amy Pascal. Mashable identified the contents of the email, signed as “God’sApstls”, which was the same as those used in the attacks. Apparently, Sony’s executives failed to take notice of the email, believing it to be spam. Sony’s systems were hacked on November 24, 2014, after which company documents were leaked, which included personal details of its employees.

North Korea’s Foul Play

Though the search for the hackers is still underway, it is believed that North Korea might have a role in these attacks. The basis of this thought is North Korea’s strong disapproval for Sony Pictures movie ‘The Interview’, which depicts conspiracy to murder North Korea’s DPRK Supreme Kim Joung-un. North Korea has already raised objections and thus, the attack could be in response to the same.

Also, the outrage of North Korea was quite reflective in its statement denying attacks on Sony, but labeling it as “righteous.” The contents of the email bearing non-native English too suggest that North Korea could be the one behind attacks. Also, the attacks have resemblance to last year’s hacking incident of South Korean TV broadcasters and banks, which was said to be carried out by North Korea. It is already a known fact that the secretive state employs a number of hackers.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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