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$1m insurance policy for PlayStation Network users

ps3networkthumbID theft policy

In the wake of the PlayStation network security breach, Sony boss Sir Howard Stringer announced members will now be covered by a $1 million identity theft insurance policy.

Mr Stringer detailed an identity theft-monitoring plan in an open letter to customers.

According to the company’s blog, the PlayStation Network is close to getting back online.  

Internal testing has been running around the clock on the rebuilt system and is now in the “final stages”.

Mr Stringer’s letter announced an identity theft insurance policy for US PlayStation Network and Qriocity users with announcements for other regions to follow soon.

Under the scheme members will be issued with an AllClear ID Plus which will be monitored by reputable identity protection firm Debix Inc to ensure it is not compromised by cyber criminals.

If a member becomes a victim of identity theft, the policy would provide financial relief of up to $1 million.

“Let me assure you that the resources of this company have been focused on investigating the entire nature and impact of the cyber-attack we’ve all experienced and on fixing it,” Mr Stringer said in the letter.

“We are absolutely dedicated to restoring full and safe service as soon as possible and rewarding you for your patience. We will settle for nothing less.”

“In the last few months, Sony has faced a terrible earthquake and tsunami in Japan. But now we are facing a very man-made event – a criminal attack on us — and on you — and we are working with the FBI and other law enforcement agencies around the world to apprehend those responsible.”