LinkedIn has agreed to pay $1.25m to settle a case brought against the firm after a hack of its system in 2012.
The incident occurred in June 2012 when 6.5 million encrypted LinkedIn passwords were stolen and posted to a Russian hacker site. Many of the hacked passwords were subsequently decrypted.
LinkedIn called in the FBI over the incident but disgruntled customers who had paid to use the firm’s premium services launched a lawsuit over claims that personal information had not been adequately protected.
The LinkedIn User Privacy Litigation Settlement website has now reported that LinkedIn has settled the case for $1.25m. However, only those based in the US are entitled to make a claim and the maximum claim is a paltry $50.
“A settlement has been reached in a class action lawsuit against LinkedIn. The class action lawsuit involves claims that LinkedIn did not adequately protect the passwords and personal information of the users of its premium services,” it states.
“You are included if you are an individual or entity in the US who paid a fee to LinkedIn for a premium subscription at any time between March 15, 2006 and June 7, 2012.”
The deadline for claims is 2 May but claimants can also submit documents saying that they do not accept the settlement fee, so there is no guarantee that the case has reached a conclusion.
V3 contacted LinkedIn for comment on the settlement but had received no reply at the time of publication.
The settlement will no doubt hurt LinkedIn as it follows a $6m settlement agreed with workers who sued the company for not paying overtime.
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