Sony to hold Press Conference on Playstation Network Hacking on Sunday [Update]

Sony has announced a press-conference hosted by Executive Deputy President Kazuo Hirai on Sunday. Hirai will talk about the massive Playstation Network hacking at 2pm Japanese time (1am ET).

According to Reuters, Sony will reveal details about the security breach and the schedule to bring PSN back online. Sony has shut down PSN on April 19. 77 million PSN accounts got compromised and private data stolen.

So far Sony only revealed information about the hack attack on the Playstation blog. The press-conference will be the first public communication from Sony about what many believe is te largest hack attack in history.

It is still not quite clear if credit card data is stolen or not. Sony said that the credit card data was encrypted. PC Magazine mentions in a report that they got informed by Playstation users of misuse of their credit card. Sony's Hirai will need to clarify the credit card data situation tomorrow.

As reported earlier Sony is contemplating how to compensate the Playstation Network users. How about giving everybody and Xbox 360 and a Xbox Live Pass.

Update:
Sony announced relaunch plans for Playstation network and user compensation as well as new security measures. Read all the details in this report.

Updates

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