LinkedIn Says It Spent $1 Million Trying To Solve Its Password Theft Snafu

LinkedIn Office Tour in doors

Photo: Steve Kovach, Business Insider

LinkedIn spent between $500,000 and $1 million on forensic work after a large number of passwords were breached, LinkedIn CFO Steve Sordello said on the company’s earnings call today.The LinkedIn password breach in early June was one of the highest-profile password leaks of the year thus far, when a huge number of passwords were shared on a Russian hacker site.

After the leak was discovered, LinkedIn reset the passwords of accounts that they believed were frozen.

The company is continuing to spend more on security. Sordello said ongoing efforts to protect members should add $2 million to $3 million in costs in the current quarter.

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