Meta fined €91M over passwords

DUBLIN, Sept 27 (Reuters) - The lead European Union privacy regulator fined social media giant Meta (META.O), opens new tab 91 million euros ($101.5 million) on Friday for inadvertently storing some users' passwords without protection or encryption. The inquiry was opened five years ago after Meta notified Ireland's Data Protection Commission (DPC) that it had stored some passwords in 'plaintext'. Meta publicly acknowledged the incident at the time and the DPC said the passwords were not made available to external parties. Source: https://www.reuters.com/technology/eu-privacy-regulator-fines-meta-91-million-euros-over-password-storage-2024-09-27/