The social network earned $61 million in the first three months of the year, helped by strong growth in advertising revenue and modest gains in users.
The glitch was related to Twitter's use of "hashing" and caused passwords to be written on an internal computer log before the scrambling process was completed, the blog said. There's no indication there was a breach or any of the passwords were misused but as a precaution, Twitter has recommended users change their passwords. Twitter made a mistake and it's the right of the users to know what happened. This is a precautionary request in light of a recent bug discovered by the company which exposed all passwords internally. This allows our systems to validate your account credentials without revealing your password. "This is an industry standard", Agrawal said.
The company declined to comment on when the bug was discovered, how long it had been storing passwords in this manner and how many passwords were affected. "We found this error ourselves, removed the passwords, and are implementing plans to prevent this bug from happening again".
Since the best passwords should be hard to remember, consider using a password manager like 1Password or Lastpass. Twitter reported that it was not a security breach as nobody was able to access the log where the plain text passwords were stored. You should change the password to a new, entirely unique password that is not related to cheese.
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Twitter (TWTR) did not specify how many passwords were stored there.
Cybercriminals are all too aware that people often use the same password for multiple accounts. Otherwise, you could leave other online accounts exposed to hackers.
Use two-factor verification, or 2fa, a procedure that needs you get an additional one-time-only code through a text message or an app on your phone every time you log in.