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As Sony wallows in another multi billion dollar loss it has now been revealed that the recent hack attack on their Playstation Network will cost the company more than $170 Million.Last month Sony was forced to close down its PSN online service after hackers compromised data of over 77 million user accounts. Later, Sony Online Entertainment’s website was also hacked, bring the total number of breached gamer accounts to over 100 million.

In a statement issued last night Sony executives said: “Based on information currently available to Sony, our current known costs associated with the unauthorised network access are estimated to be approximately 14 billion yen in the fiscal year ending March 31, 2012”.

Sony also predicted a net loss for the entire 2011 financial year of $3.4 bn compared to expectations in February that the company was on track to record a profit.

Despite that, Sony said it anticipates a return to profitability in the 2012 financial year.

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