Sony is now agreed to pay the £250,000/$377,575 UK fine. ICO slapped the Japanese firm with huge fine due to its 2011 PlayStation data hack that effects millions of users.
Sony has decided to pay the £250,000($377,575) UK fine imposed by the Information Commissioner's Office (ICO) for 2011 data hacking of its PlayStation Network. This data breach exposed the account security information of millions of PS users.
ICO authorities have imposed this fine on Sony's UK wing back in January saying that it should be better prepared for the hacking attack. But at that time, company decided to appeal against this fine because it “strongly disagreed” with decision saying that the security breach is a "focused and determined criminal attack". The company had offered free PlayStation+ for two months to do the compensation. But that is not enough.
Hence today, Engadget reports that Japanese Electronics Company is agreed now to pay up the whole £250K ICO fine. Sony has dropped down its appeal because the company does not want to disclose its security details. ICO twitter update also confirmed the drop down of Sony appeal.