According to Engadget, Sony has agreed to pay a £250,000 fine to UK authorities after the Information Commissioner's Office (ICO) issued the fine in light of the hacking of Sony's PlayStation Network in 2011 that compromised millions of users’ account details.

The fine was originally issued in January and Sony was initially reluctant in paying the fine, even going as far as to appeal the decision levied by the ICO - Sony claimed that it was the victim of an attack and that there was no evidence that customers’ card details, which were encrypted, were lost.

70 million PlayStation Network users' details were compromised back in April 2011 when it was attacked by hackers - Supposedly claiming such details as customers’ names, email address, physical addresses, dates of birth and passwords were lost. Although there has been no evidence that credit card details were lost in the hack, ICO considered the lost data to have been “at risk”.

Although Sony has since increased security measures that protect its network, David Smith the Deputy Commissioner and Director of Data Protection released a statement back in January voicing his criticism of the electronics giant about the incident:

“There’s no disguising that this is a business that should have known better. It is a company that trades on its technical expertise, and there’s no doubt in my mind that they had access to both the technical knowledge and the resources to keep this information safe.”