Twitter acquiring password security manager startup Mitro Labs

Summary:The social network has stepped up password security in the past, especially after finding itself the victim of widely reported cyber attacks.

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Twitter password security could be changing, especially for corporate accounts staffed by multiple employees and teams.

The San Francisco-headquartered company is acquiring Mitro Labs, a startup based in Lower Manhattan with a service designed for sharing passwords safely for a single account.

The Mitro Labs team confirmed the news in a blog post on Thursday.

Financial terms of the deal have not been disclosed.

The Mitro Labs team won't be traveling far as they will soon be folded into Twitter’s location team in New York to work on a "variety of geo-related projects."

As it closes up the existing shop, Mitro Labs will be open sourcing all of its server and client code on GitHub while also receiving assistance from the Electronic Frontier Foundation to transition Mitro's password manager into a community-run project.

Twitter itself has stepped up password security in the past, especially after finding itself the victim of widely reported cyberattacks , sometimes affecting select accounts (i.e., media and news outlets) or vast swaths of its global membership base.

In May 2013 , Twitter added two-factor authentication, similar to models employed already by Google and Facebook.

With that extra precaution, Twitter users can access their security settings to opt in for a verification code to be sent via SMS upon each login.

Earlier on Thursday, the social network also published its fifth transparency report in the last two years, this time chiefly lamenting that it hasn't been able to get anywhere in pushing its agenda for further transparency with government agencies.

Topics: Security, Collaboration, Privacy, Social Enterprise, Start-Ups

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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