The recent Sony hack has revealed the company’s lax security. The hackers gained access to login information and SSL certificates, which digitally sign web pages and prove ownership. They also compromised passwords, which they used to spread the hack. According to the source, the company hadn’t learned from previous hacks.
Legality of insider trades
Insider trading involves the buying and selling of company stock by company executives or directors without first disclosing it to the public. Such trades are illegal if they involve material, non-public information about the company. Insider trading must be reported to the SEC within 10 days of the trade.
This case is the first time that the Supreme Court has weighed in on an insider trading case. In its unanimous ruling, the court said that an insider’s exchange of information alone is illegal. Although the decision was not a groundbreaking one, it redraws the line between legal and illegal insider trading.
Insider trading laws were created to protect investors from the exploitation of insider information. In the United States, this type of trading is prohibited even if the insider is not a company employee. However, it is not illegal for employees to share this information with their friends. However, employees of the company should be held responsible if they use inside information to engage in illegal insider trading.
The Newman case involved two traders who profited from privileged information. In 2014, a U.S. appeals court overturned their convictions, arguing that this decision would prevent prosecutors from filing such a case in the future. While the Newman case demonstrates that an insider could violate the law, it doesn’t mean that the same could happen today.
Although it is not clear why a Sony employee would have used inside information to increase his or her own profits, the Sony breach demonstrates that insider information is a serious threat to a company. In this case, the employees involved in the breach hid payments from law enforcement by using fictitious contest winners and making it appear that the payments were going to radio listeners. The intent was to generate consumer interest and ultimately, sales.
PlayStation 5 with removable disc drive coming
The PlayStation 5 with removable disc drive is a new feature that will be sold separately or in bundled versions. While the disc drive will still be a part of the PS5’s physical design, it will be removable and will connect via a USB-C port. This will make it easier to transport the disc drive from one console to the next. A PlayStation 5 with removable disc drive will be thinner and lighter than its current counterpart.
If Sony does add a removable disc drive to the PlayStation 5, it could make the console even more affordable. The console’s new design would make it easier to manufacture and could be available at a lower price. The PS5 with removable disc drive could be released in September 2023. Considering this timeline, the new PS5 could be a game-changer for gamers.
Sony is reportedly working on a new design for the PlayStation 5 with a detachable disc drive. According to the industry insider Tom Henderson, the new model is slated to come out in 2023. The new PS5 will replace the current A, B, and C-chassis models.
Sony is currently working on a slimmer PS5 model with a detectable disc drive that will be sold separately. The slim PS5 could be available by September 2023. Its external disc drive will be plugged into a USB-C port, making it portable and convenient to transport.
According to industry insider Tom Henderson, Sony is working on a new model of the PlayStation 5 that will have a detachable disc drive and interface with the console using a USB-C port. The new model will also feature a new chassis. It is currently scheduled for a September 2023 launch. Sony first announced the PlayStation 5 two years ago and has since made some minor changes to the hardware. The new model has not been announced, but there are rumours that it could come in a Slim version.
LulzSec hacked into Sony Pictures
The hacker group LulzSec made headlines over the weekend after hacking into Sony Pictures and PBS websites. The group has claimed to have obtained the e-mail addresses and passwords of about 50,000 people. In addition, they have published a list of all sites that were hacked and a number of documents detailing what was stolen.
One of the hackers who took part in the Sony Pictures hack is 25-year-old Cody Andrew Kretsinger, who went by the online moniker “recursion.” He pleaded guilty to conspiracy to cause computer damage and must perform 1,000 hours of community service.
The hackers have allegedly accessed the PlayStation Network and Sony Pictures Entertainment networks and copied the information from the companies’ servers. The companies have declined to comment on the allegations. However, they are likely to shut down the networks in the coming weeks to re-establish their networks.
In a separate court case, a Phoenix student has pleaded guilty to being a member of the LulzSec hacking group. He admitted to using online nicknames and stealing personal information from the Sony Pictures website. The information was then published by the hacking gang LulzSec.
While the details of the Sony Pictures hack are still being investigated, the hackers are believed to have used an SQL injection vulnerability on the company’s website to access the company’s databases. This means that more than 1 million consumer accounts were compromised. However, they did not manage to get all the information. The hackers were able to steal thousands of passwords, but they were unable to access everything because they did not have enough resources to do so.
The attackers behind the attack are believed to be members of the LulzSec group. The group is an offshoot of Anonymous, a loose group of computer hackers who perform cyber attacks against hostile entities. The group also has a reputation for releasing stolen information on their websites.
After the hack took place, Sony Pictures’ computer system was shut down. Many people are trying to figure out who was behind the attack and where it came from. One suspect has claimed that North Korea was involved. The FBI presented evidence to support its theory. However, the truth is that anyone could have pulled off the attack. It could have been a disgruntled Sony employee, profit-seeking hackers, or a group of hackers from another country.