LinkedIn Hacked: What the Security Breach Means for You (and Them)

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LinkedIn hacked LinkedIn has been hacked.

Reports surfaced Wednesday that 6.5 million passwords of users on the leading corporate social networking website were compromised. LinkedIn (LNKD) is investigating the breach.

LinkedIn is resetting the login details on the affected accounts, and members should be receiving an email from the company with the instructions for getting back online with new passwords. The company is emphasizing that it's not including any links in the email. Savvy Internet users know better than to click on links in an email pretending to be from a credible source, but you can never be too careful.

LinkedIn is actively addressing its security issues. Still, despite the quick reaction, this is a black eye for LinkedIn, even if it's primarily a free website for white-collar professionals.

Adding Some Perspective

Those 6.5 million compromised accounts may feel like a big number, but it's actually just 4% of the 161 million professionals who were on LinkedIn as of the end of the company's latest quarter.

But any time millions of people are inconvenienced -- and countless millions more start to worry -- it doesn't really seem to matter that an issue affects only a small percentage of a website's users. The power of scary headlines can do harm to a popular Internet company far greater than the hack itself.

If users begin worrying about the security of popular website destinations, a slowdown in traffic won't come as much of a surprise.


LinkedIn Logs

LinkedIn has been in a good groove of late. Sure, the stock may seem expensive on an earnings-based valuation, but have you eyeballed its growth lately? Revenue climbed 101% to $188.5 million in its latest quarter, making this the seventh consecutive quarter in which revenue has more than doubled. Adjusted earnings nearly tripled, soaring 191%, even faster than the site's blazing fast top line growth.

In other words, there are a lot of reasons LinkedIn will want to make this story to go away soon.

So far, there doesn't seem to be the same kind of buzz building over the reportedly similar hack of 1.5 million love-seeking members of eHarmony.

LinkedIn will have to beef up its defenses: It's going to be a logical target for further attacks given its target audience and the nature of its business. When you're drawing a clientele of well-to-do professionals and aspiring well-to-do professionals, your accounts are naturally a tempting target.

Being able to properly answer the question "How will you keep member data secure?" will be vital if LinkedIn is going to ace its next set of job interviews.



Motley Fool contributor Rick Munarriz does not own shares in any stocks in this article. The Motley Fool owns shares of LinkedIn. Motley Fool newsletter services have recommended buying shares of LinkedIn.



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GymmyKramir

Hacked IN U say –
Good Mans investment accounts r being hacked in2 across America.
SLV, T and VZ trades were made through E-Trade and they corrupted the trades.
TIVO, LVS, WYNN, DVY, GE, YUM, LNKD, VWO, GRPN, DNDN, F, IYZ, DIA, XLE, AIG, QLD trades were made through Fidelity and the trades were corrupted.
DIS trades were made through Wells Fargo and they corrupted the trades.
Accounts are b ing tapped in house at the Brokerage weasel houses and the info relayed 2 the Wall Alley PIGGS who MOVE the money around 4 MEMBERS ONLY so they COLLECT YOUR INVESTMENTS, Administration and Good Man.
From
US Undercover Financial Special Operations
NYC PIGGS = SEC+Hedge Funds+All Brokerages = La Costra Nostra Collection Agency
Free white castle burgers at the North Pole and room and board 4 those that wood like 2 leave NYC.
U can slap some anell mustard on that slider 2.
Daarck Knight

June 08 2012 at 12:08 PM Report abuse rate up rate down Reply
GymmyKramir

The North Pole Partees. Yeah Man. Eskimo Women !!!! and Daarck Knight 2.
Gymmy Kramir coming 2 U LiVE from the North Pole and we have set up tents and bunks for those who would like 2 take the trip frum NYC
4 a fine weekend frika C and a White Castle right outside the igloo.
Sliders slide down better here 2.
How bout a
Frosted Igloo NYC Kooler. Do u know what it is like?
Do u know what it is like 2 b a whale oar dolphin ore polar bear or wolve or any animal, RUNNING or flying or swimming 4 YOUR LIFE b ing hunted and terrorized by EVIL Man and there is little that can be done because Christ did not intend 4 this 2 b between his creations? CHANCE is a formulation frum the Kingdom of Christ 4 better or worse within the animal kingdom and NOT between they and man but
EVIL MAN opposes it
just as HE opposed Christ’s instructions upon EVE.
But Good Man DOES know
what it is like 2 b taunted by NYC Financial PIGGS 2 satisfy their NOSES & Sodomy. La Cosa Nostra trends the markets down and laces it with Satan’s perfume spreading nefarius newz with hiz serpent tongue.
8 Nations plotted and conjure 2 MADE the NYC PIGG and 3,000,000 +333 including the U.S.
Very Persistent. If at first u don’t succeed, suck until u get a seed sez Curly.
Will it b
1 or ALL?
Ownlee tyme will tell in 2011, 201x, 201.
The Mayans saw it and Edgar KC 2.
Good Weekend !

June 08 2012 at 11:33 AM Report abuse rate up rate down Reply
Mark

Hi......... I TRIED "linkedin" over eight months ago and couldn't stand it right away....... I cancelled, I've been begging them to stop contacting me, since I'm no longer "in" and I don't use it AT ALL.... is there a way to contact them and make them leave me alone? And yes....... I've already "spammed" them..........that did no good either.......... they just DOUBLED the emails they send me........ and I can't change my user name and email address, because AOL won't allow the primary account holder, me, and the ONLY account holder change even your screen name. They're really driving me crazy and I can't make them stop!
Thanks,
Mark

June 07 2012 at 10:23 PM Report abuse rate up rate down Reply