Back in 20111 Sony’s PlayStation Network was hacked, and Sony had been fined £250,000 by UK regulators over the hack, although the company had appealed the fine.
Sony has now decided to drop their appeal, and will now pay the £250,000 fine to the UK regulators. The reason Sony apparently dropped the appeal is because they did not want to share information about their security system.
The Sony PlayStation Network was hacked back in April of 2011, at the time the service had more than 70 million users around the world, and the hackers gained access to users names, email addresses and home addresses, plus dates of birth and also passwords.
Source The Next Web