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Meta fined $101.5M for 2019 breach that exposed hundreds of millions of Facebook passwords

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Meta fined $101.5M for 2019 breach that exposed hundreds of millions of Facebook passwords - TechCrunch

Quick Summary:

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.

Commenting in a statement, deputy commissioner Graham Doyle wrote: “It is widely accepted that user passwords should not be stored in plaintext, considering the risks of abuse that arise from persons accessing such data.

However the two incidents are also different: Meta’s earlier security lapses affected up to 30 million Facebook users vs the hundreds of millions whose passwords were said to have been exposed as a result of its failure to secure passwords in 2019.

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Article Details

Author / Journalist: Natasha Lomas

Category: Technology

Markets:

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Article Type: News Report

Published On: 2024-09-27 @ 12:32:06 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1330 words

Reading Time: 8 minutes read

Sentences: 53 lines

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Copyright Owner: © TechCrunch

News ID: 22750862

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