An Irish regulatory agency has slapped Facebook owner Meta with a hefty fine of over $100 million for its failure to adequately secure users’ passwords.
The Data Protection Commission of Ireland announced on Friday that it imposed a fine of $101.5 million on Meta Platforms Ireland Limited following an investigation that began in April 2019. During this investigation, Facebook disclosed that it had stored some users’ passwords without proper encryption on its internal systems.
The regulatory body found
DPC Deputy Commissioner Graham Doyle emphasized the sensitivity of user passwords and stressed the importance of safeguarding them against potential abuse or unauthorized access.
Meta responded by stating that they promptly notified authorities about the issue and took immediate steps to rectify it. They assured that there was no evidence of any misuse or improper access to these passwords.
The incident underscores the significance of timely reporting and addressing data breaches as mandated by EU regulations, which aim to prevent potential harm resulting from compromised personal information.
2024-10-01 15:15:03
Post from www.ibtimes.com
