Meta Fined Euro91 Million for Storing Facebook and Instagram Passwords in Plaintext
In a significant blow to its reputation and data security practices, Meta has been fined €91 million ($101.56 million) by the Irish Data Protection Commission (DPC) for a major security lapse dating back to March 2019. The investigation revealed that millions of Facebook and Instagram users' passwords were stored in plaintext, an alarming oversight for a company of Meta's scale and influence.