Bitly Installs Two-Factor Security After Insider Account Compromise

http://en.wikipedia.org/wiki/Bitly

Back on May 8, popular URL-shortening service Bitly admitted that its systems were compromised. As it turns out, Bitly has now disclosed that the problem is just the latest example of an insider compromise.

“We audited the security history for our hosted source code repository that contains the credentials for access to the offsite database backup storage and discovered an unauthorized access on an employee’s account,” Rob Platzer, CTO of Bitly, wrote in a blog post.

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Story added 15. May 2014, content source with full text you can find at link above.