Sony CEO Howard Stringer has responded to critics who say the company was too slow to notify its consumers of the PSN breach.

In fact, according to Stringer's calculation, Sony's public notification of the security breach was incredibly fast compared to other companies.

"This was an unprecedented situation," Stringer told reporters, speaking publicly for the first time since the April breach. "Most of these breaches go unreported by companies. Forty-three percent (of companies) notify victims within a month. We reported in a week. You're telling me my week wasn't fast enough?"

Stringer also added that they are still assessing the financial damage of the attack.

"There's a charge for the system being down ... a charge for identity theft insurance," Stringer said. "The charges mount up, but they don't add up to a number we can quantify just yet."

Sony began restoring parts of the PlayStation Network late last weekend after the mid-April breach that affected more than 100 million customers of its online gaming hub whose account information was stolen by hackers.

Via [Reuters]

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