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The Irish Data Protection Commission (DPC) has fined Meta €91 million ($101.56 million) as part of a probe into a security lapse in March 2019, when the company disclosed that it had mistakenly stored users' passwords in plaintext in its systems

Bank Info Security 1 year, 9 months ago

Meta Fined 91 Million Euros By The Irish DPC

Fine Is For 2019 Disclosure That Meta Stored User Passwords In PlaintextThe Irish data regulator fined social media giant Meta 91 million euros after an investigation found the company insecurely stored passwords of millions of European Facebook and Instagram users. A Meta spokesperson said the company identified the problem in 2019 and took "immediate action."