If you have a linked in profile there has never been a better time to reset your password!

It was alleged today the site with more than 150 million registered users in more than 200 countries and territories had its members usernames and passwords posted to a russian forum.

The social network so far has not released an official statement, but on twitter they have commented: ‘Our team is currently looking into reports’.

How to reset your Linked In password

Visit http://www.linkedin.com/passwordReset and fill in your details.

If you use the same username or password for any other services such as Paypal or Ebay we strongly recommend you change these too.

Update 23:00 GMT

Vicente Silveira, Director at LinkedIn, confirmed the hack on the company’s blog Wednesday afternoon and outlined steps that LinkedIn is taking to deal with the situation. He wrote that those with compromised passwords will notice that their LinkedIn account password is no longer valid.