The PlayStation Network breach and subsequent account theft has adverse effects on everyone involved. There have been reports of identity theft even though Sony said it had no evidence that credit cards were taken. Even if they were, Sony said the information was encrypted. Sony itself is also losing lots of money due to PSN being down, added security costs, possible legal fees and costs accumulating from a good will gesture towards customers. Another victim in this case are banks. I know it’s hard considering banks victims of anything, but those organizations could lose millions as well.

The $18.8 billion deal to combine Activision and Vivendi Games will see the creation of a new company, Activision Blizzard, which is expected to be the world’s largest and most profitable pure-play video game publisher. Vivendi, which is going to be the majority stakeholder in the new company, has taken a major step towards the more »