September 27, 2024 at 10:21AM
Meta was fined over $100 million by the EU privacy regulator for a security breach involving Facebook users’ passwords. The Irish Data Protection Commission investigated after Meta notified them of the breach, where some passwords were stored in plain text. This is the latest in a series of hefty fines for Meta related to data privacy violations.
Key takeaways from the meeting notes:
– Meta was fined more than $100 million by the European Union privacy regulator for a security lapse related to passwords of Facebook users.
– The Irish Data Protection Commission imposed a penalty of 91 million euros ($101.6 million) following an investigation into the incident.
– The breach involved inadvertently storing user passwords in plain text, which is considered a security risk.
– Meta conducted a security review and reported that a subset of Facebook users’ passwords were temporarily logged in a readable format. They claim to have taken immediate action to address the issue.
– The Irish Data Protection Commission has been imposing hefty fines on Meta and its social media platforms for violations related to data privacy.
– This latest fine is part of a series of penalties, with previous fines including 405 million euros for Instagram and 1.2 billion euros for Meta over transatlantic data transfers.
– There are other related fines in the news, such as Uber appealing a 290 million euro GDPR fine and Clearview AI being fined $33.7 million by a Dutch Data Protection watchdog.
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