LinkedIn has settled a class-action lawsuit alleging it falsely assured 800,000 users who paid for its premium service that it had strong security measures to protect their personal information, The New York Times reports. In June 2012, a file containing 6.5 million encoded LinkedIn user passwords was posted on a Russian hacker site, and because the passwords were protected with a weak form of security, hackers could easily decode them. While there was no indication the breach affected the LinkedIn users who were paying a subscription fee for extra services, the users said the company deceived them about its level of Internet security, the report states. The settlement fund is for $1.25 million. (Registration may be required to access this story.)
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