From Wire Reports

TOKYO, Japan – In his first comments after a massive Internet security breach to its PlayStation Network, Sony CEO Howard Stringer apologized to users and launched a $1 million identity theft insurance policy for its PlayStation network users.

“I know this has been a frustrating time for all of you,” Stringer said in comments posted on Sony’s U.S. PlayStation blog.

“To date, there is no confirmed evidence any credit card or personal information has been misused, and we continue to monitor the situation closely,” he also said in a statement Thursday.

Stringer said they would restore network services soon, but gave no date.

“We are also moving ahead with plans to help protect our customers from identity theft around the world. A program for U.S. PlayStation Network and Qriocity customers that includes a $1 million identity theft insurance policy per user was launched earlier today and announcements for other regions will be coming soon,” he said.

Stringer has faced harsh criticism of his leadership after Sony revealed hackers had stolen the data of more than 100 million accounts.

Sony has said the attack may have compromised credit card data, email addresses and other personal information from 77 million user accounts. On Monday, it said data from an additional 24.6 million online gaming accounts also may have been stolen.

Along with assurances that it is strengthening security measures, Sony is enticing potentially wary customers with a “welcome back” program that includes complimentary entertainment downloads and a 30-day membership to its PlayStation Plus premium service.

The company also said Thursday it is in the “final stages of internal testing of the new system,” though did not offer a specific timeline.

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