"The Playstation Network itself is still secure and users shouldn't panic. I've already seen one person say they cancelled their credit card as a result of thinking the PSN had been compromised (it hasn't). With the PS4 on the horizon, this may prompt SONY to speed up work on the upcoming console," he said.
The incidents being referred to are a release from a Chinese group BlueDisk-CFW, and a later release of the LV0 decryption keys for the console. The news of the hack seems to have been interpreted, at least by some, as another PSN security threat.
"The only real benefit to this is for those already running custom firmware on hacked machines, who are now able to update their PS3 and go online. While they may be able to play games online until Sony change the PSN passphrase, it's unlikely to cause a wave of in-game cheating and modding," Boyd said.