Great column by Imperva's Tal Be'ery explaining why the LinkedIn breach exceeds 6.5M users.  The fun bits:

In the RockYou password breach , which now serves as the gold standard for passwords study, it was found that the uniqueness of the password was less than 50%, i.e. each password was used more than twice on average. Therefore, it’s safe to assume that the number of accounts directly hit with such hypothetical breach would well exceed the 10 Million mark. For this reason, we will use 10M as our approximation for the number of breach-able accounts.

Now let’s move forward with an estimate of collateral damage. How many friends did the directly hit accounts have? A naïve approach would be to multiply 10M by the number of the average unique friends each member has. It’s easy to see that if the number exceeds 16, then 10M breached accounts would span the whole 160M members of the social network.