By John Kell and Alan Murray
June 26, 2015

Today we are publishing part two of our story on the Sony hack, which among other things shows that the company was woefully unprepared for the cyber attack, despite having been a popular target of hackers for a decade. You can read it here. If you missed part one, it is here. (Apologies to those of you who encountered a broken link yesterday). We’ll publish part three tomorrow. Or you can read the whole thing in the magazine, on news stands next week.


The story is a chilling narrative that needs to be read by anyone in business today. In our recent poll of Fortune 500 CEOs, 10% said cyber security is the single biggest challenge their company faces; another 56% said it was one of the top three or four challenges. Only one respondent said it is not yet a significant challenge – and we suspect that fellow has his head in the sand.


But while companies recognize the challenge, many — like Sony — are clearly not prepared to deal with it. This story, the product of six months of reporting by Fortune’s Peter Elkind, should serve as a wake-up call.


More news below.


Alan Murray


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