DUBLIN (Reuters) – The lead European Union privateness regulator fined social media large Meta (NASDAQ:) 91 million euros ($101.5 million) on Friday for inadvertently storing some customers’ passwords with out safety or encryption.
The inquiry was opened 5 years in the past after Meta notified Eire’s Knowledge Safety Fee (DPC) that it had saved some passwords in ‘plaintext’. Meta publicly acknowledged the incident on the time and the DPC stated the passwords weren’t made accessible to exterior events.
“It is widely accepted that user passwords should not be stored in plaintext, considering the risks of abuse that arise from persons accessing such data,” Irish DPC Deputy Commissioner Graham Doyle stated in an announcement.
The DPC is the lead EU regulator for a lot of the high U.S. web companies because of the location of their EU operations within the nation.
It has up to now fined Meta a complete of two.5 billion euros for breaches beneath the bloc’s Common Knowledge Safety Regulation’s (GDPR), launched in 2018, together with a document 1.2 billion euro advantageous in 2023 that Meta is interesting.
($1 = 0.8966 euros)
