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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
TechSony

Sony is spending $15 million to deal with the big hack

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February 4, 2015, 9:25 AM ET
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Photograph by Robyn Beck — AFP/Getty Images

This post is in partnership with Time. The article below was originally published at Time.com.

By Sam Frizell, TIME

Sony Pictures Entertainment said Wednesday that it’s set aside $15 million in the current quarter for costs associated with the devastating hack it suffered last year, but that it still earned a profit last quarter despite the fallout.

The disclosure came in an earnings statement, in which the studio reported earning income of $20 million in the quarter that ended Dec. 31. After the attack, Sony hired the independent security contractor FireEye to assess the damage and help clean up its systems.

The hack, which U.S. officials have linked to North Korea, exposed embarrassing emails and other data, and was seen as retaliation for The Interview, which depicts a fictional assassination attempt against North Korean leader Kim Jong Un.

Overall, the $15 million Sony is spending this quarter to deal with the cyberattack fallout is a proverbial drop in the earnings bucket: Sony Corp., the studio’s parent company, earned $737 million in the fourth quarter of last year.

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