Loading...
Market
How will Meta Ireland respond to the €91 million fine by December 31, 2024?
2
Resolution / Starting Odds
Appeal • 25%
Pay the fine • 25%
Negotiate a reduced fine • 25%
Other • 25%
Official announcements from Meta, Irish Data Protection Commission, or court filings
Story
Meta Ireland Fined €91 Million ($102M) by Irish Data Protection Commission for Password Storage Lapse
Sep 27, 2024, 12:20 PM
Meta, the parent company of Facebook, Instagram, and WhatsApp, has been fined €91 million ($102 million) by the Irish Data Protection Commission (DPC) for storing user passwords in plaintext without encryption. Meta Ireland received the fine on September 27, 2024, following an investigation that began in 2019 and found that the passwords were accessible to thousands of Meta employees, violating GDPR rules. The breach exposed hundreds of millions of Facebook passwords, leading to the significant penalty from the European Union privacy regulator. Meta was also fined $101.5 million for the 2019 breach.
View original story
Similar markets
Fine paid in full • 25%
Fine reduced • 25%
Fine overturned • 25%
Ongoing legal proceedings • 25%
Fine paid without appeal • 25%
Fine reduced after appeal • 25%
Fine overturned after appeal • 25%
Fine remains under litigation • 25%
Yes • 50%
No • 50%
Policy changes • 25%
No changes • 25%
Legal action • 25%
Settlement • 25%
No significant change • 25%
Changes to Marketplace • 25%
Expansion of legal team • 25%
Increased lobbying efforts • 25%
Fine upheld • 25%
Fine reduced • 25%
Fine overturned • 25%
Settlement reached • 25%
Meta accepts the fine and pays • 25%
Meta appeals the fine • 25%
Meta negotiates a reduced fine • 25%
Meta takes no action • 25%
Fine upheld • 33%
Fine reduced • 33%
Fine overturned • 33%
Fine dismissed • 25%
Other outcome • 25%
Fine upheld • 25%
Fine reduced • 25%
Fine overturned • 25%
Settlement reached • 25%