LinkedIn reportedly spent nearly $1 million already to fix security breach (updated)
Gene Ryan Briones reports:
Following the hapless security infraction that LinkedIn experienced two months ago, the company is now saying that it has spent a huge amount of money to fix the problem. Fresh from its earnings call today, LinkedIn CFO Steve Sordello said that the company has spent between $500,000 and $1 million on forensic work after 6.5 million LinkedIn hashed passwords were leaked and posted on a hacking site in Russia early in June.
Read more on Ubergizmo.
Okay, that’s for the forensics.
In a subsequent media report, the firm was quoted as saying it will likely invest $2-3 million in security upgrades by the end of 2012.