Thursday, 7 June 2012

Linked Out

The big news online today is that 6 million LinkedIn account passwords have been hacked.

The LinkedIn share price increased by 0.09% after the news was announced, bucking the downward trend of the past month.

The share price jump was no doubt due to the surge in traffic to the site today with everyone remembering that they actually do have a LinkedIn account, and then accessing it for the first time since 2008 to change the password. There would have been more logins, but most people couldn't remember their password to begin with. News of the hack also prompted many users to ask the hackers for assistance in remembering what their password is.

Facebook are watching the story closely for ideas on how to fix their share price woes. And MySpace has unsuccessfully offered their passwords to the hackers so they can make the same announcement for people to login and change their passwords. Or just login at all.

Having your LinkedIn account hacked can wreak havoc. Someone could update your resume for the first time in 3 years. They may even respond to the dodgy recruiters with their fake job offers, inviting even more fake job offers.

On the flipside, if you can remember you password, now is the time to add those extra post graduate degrees and blue chip experience to the career that you never had. If you ever get found out, just blame the hackers!

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