Facebook Security Blunder: Meta Faces $101.8M Fine Over Unsafe Password Storage
Friday, 27 September 2024, 07:20
Facebook's Major Security Flaw Exposed
Meta, formerly known as Facebook, is now grappling with the repercussions of a staggering security blunder. Storing 600 million Facebook account passwords in plain text, the company attracted the ire of regulators following an investigation which concluded with a hefty $101.8 million fine.
Years of Neglect
Despite claims that the passwords were not hacked, the lack of encryption left them vulnerable. Access to these passwords was reportedly available to some Facebook employees, inviting further concerns over internal security protocols.
- Irish Data Protection Commission launched an investigation after being notified of the breach.
- Fine signifies serious accountability for major tech companies, especially after high-profile incidents.
Meta's Ongoing Issues
- Change in name from Facebook to Meta has not eliminated these persistent problems.
- EU continues to scrutinize tech giants over data protection practices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.