LinkedIn Settles Security Suit
The lawsuit alleges that the company falsely assured users it was using strong security measures to protect their personal information.
However in June 2012 a file containing 6.5 million encoded LinkedIn user passwords was posted on a Russian hacker site. The passwords had been protected with a weak form of security, allowing hackers to easily unravel the code and find the actual passwords.
Under the settlement, approved by a federal district court in Northern California, 800,000 American users who paid for premium services between March 15, 2006 and June 7, 2012, are eligible to make a claim on the US$1.25 million settlement fund.
Ahem. After fees for the plaintiffs’ lawyers are deducted, that works out to about $1 for each affected user.