LinkedIn to Spend $2 to $3 Million on Security in 3rd, 4th Quarters Following Password Leak
In June 2012, 6.5 million LinkedIn member passwords were hacked and posted online. After reporting a strong second quarter, representatives from the professional networking site explained to investors the impact of the password leak on the company's bottom line, as well as how they planned to handle the issue going forward.
In June 2012, 6.5 million LinkedIn member passwords were hacked and posted online. After reporting a strong second quarter, representatives from the professional networking site explained to investors the impact of the password leak on the company’s bottom line, as well as how they planned to handle the issue going forward.
Explained LinkedIn CEO Jeff Weiner in the quarterly earnings call:
“In June, we reported the theft of six-and-a-half million LinkedIn member passwords that were published on an unauthorized website. Though
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