Meta's Password Blunder: €91m Fine for Lax Security
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Meta Fined €91m for Password Storage Violations
Meta, the parent company of Facebook, has been fined €91m (£75m) by the Irish Data Protection Commission (DPC) for violating the General Data Protection Regulation (GDPR). The investigation focused on Meta's storage of user passwords.
The DPC found that Meta had committed four breaches of the GDPR, including:
- Storing passwords in plain text
- Failing to implement adequate security measures to protect passwords
- Failing to notify users of the security breach
- Failing to take appropriate steps to mitigate the impact of the breach
The DPC's deputy commissioner, Graham Doyle, said that the fine was a significant step in holding Meta accountable for its failure to protect the personal data of its users. He added that the DPC would continue to investigate Meta's compliance with the GDPR.
Meta has said that it is disappointed with the DPC's decision and that it will appeal the fine. The company has also said that it has taken steps to address the issues raised by the DPC.
The DPC's decision is a reminder to all companies that they must take steps to protect the personal data of their users. Failure to do so can result in significant fines and reputational damage.
Date: September 26, 2023
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