The hacker group, known as the "Phantom Squad", have been tweeting about their plans to take down the PlayStationNetwork and XboxLive. What motivated them to take down PlayStation and Xbox was to prove that Microsoft and Sony don't pay enough heed towards cyber security. CNNMoney attempted to reach out to the "Phantom Squad" but they did not re-sieve a response. This is not the only time PlayStationNetwork have been bombarded with such claims.
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