Have LinkedIn's security woes permanently damaged the social network?

[InfoSec News <alerts () infosecnews org>]

https://www.computerworld.com/s/article/9228122/Have_LinkedIn_s_security_woes_permanently_damaged_the_social_network_

By Sharon Gaudin
Computerworld
June 14, 2012

After hackers last week breached the LinkedIn site, stealing more than 6 
million user passwords, analysts are debating whether the attack will 
cause long-term damage to the social network.

In the attack, users' passwords were posted publicly to a Russian hacker 
forum. The incident garnered a lot of headlines, both in the trade and 
mainstream news media, and LinkedIn was accused of using lax security 
and having nothing more than light encryption to safeguard its users' 
data.

Many companies besides LinkedIn suffer security breaches. What's causing 
the furor over the LinkedIn breach is that the company makes its name 
and its money from user data, yet it failed to take what security 
experts would call adequate steps to secure its bread and butter.

Critics accuse the company of failing to protect its users. Will users 
stand by their social network or will they flee?

[...]


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