Ireland's data protection watchdog fined Meta Platforms after the Facebook and Instagram owner stored passwords of some social media users on its internal systems without proper safeguards.
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There's no evidence that the passwords were accessed by anyone, but Meta still broke European privacy rules.
Meta was punished Friday with a fine worth more than $100 million from the social media giant's European Union privacy regulator over a security lapse involving passwords for Facebook users.
Meta, the parent company of Facebook, has been fined €91 million by Ireland's Data Protection Commission (DPC) over a serious password-security breach that affected 36 million Facebook and Instagram users in the European Economic Area (EEA).
Reset your clocks: Meta has been hit with yet another privacy penalty in Europe. On Friday Ireland's Data Protection Commission (DPC) announced a reprimand and a €91 million fine — around $101.5M at current exchange rates — after concluding a multi-year investigation into a 2019 security breach by Facebook's parent company.
The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users' passwords without protection or encryption.
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