Bitly has shed a little more light on the serious security breach it suffered last week.
As you may recall, the URL-shortening service announced last week that it believed the account credentials of Bitly users could have fallen into the hands of hackers, but it fell short of answering how it determined customer privacy had been breached, how securely passwords had been stored, or – indeed – what had actually gone wrong.
Bitly hackers stole user credentials from offsite database backup
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