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ARTICLE · 12 MAY 2011

"Anonymous " Hacks Sony Playstation Network: The Increasing Importance Of Obtaining Cybersecurity Insurance Coverage

Anyone who harbors the notion that video games are simple distractions from the age of "Pong" has not seen the latest statistics.

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Anyone who harbors the notion that video games are simple distractions from the age of "Pong" has not seen the latest statistics. One of the most popular games released last year, "Call of Duty: Black Ops," generated $650 million in the first five days of sales and exceeded $1 billion in record time. The achievement put the game in the company of Michael Jackson's album "Thriller" and James Cameron's movie "Titanic." As a whole, the video game industry has been valued at more than $100 billion. The massive size and scope of the industry make the impact of a cyber attack all the more devastating.

Like most games, video games are more fun to play with others. Games like "Black Ops" are designed specifically with the multiplayer experience in mind. Multiplayer games are made possible by online networks, such as those hosted by Microsoft and Sony, which enable gamers to connect with each other and play together in real time. For example, Microsoft's Xbox Live service not

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