Loading...
Loading...
Browse all stories on DeepNewz
VisitMeta 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
Markets
No • 50%
Yes • 50%
Official announcements from Meta, Irish Data Protection Commission, court filings
No • 50%
Yes • 50%
Official announcements from Meta, security audits, or third-party reports
Yes • 50%
No • 50%
Official announcements from the Irish Data Protection Commission
Negotiate a reduced fine • 25%
Other • 25%
Appeal • 25%
Pay the fine • 25%
Official announcements from Meta, Irish Data Protection Commission, or court filings
Increase by more than 5% • 25%
Increase or decrease by less than 5% • 25%
No significant change • 25%
Decrease by more than 5% • 25%
Stock market data from financial news outlets or stock exchanges
Other/None • 25%
Google • 25%
Amazon • 25%
Microsoft • 25%
Official announcements from data protection commissions, news reports