Meta Was Fined 13 Billion Rupees After It Was Found That Users’ Passwords Were Stored In An Unsafe Manner Meta, the parent company of Facebook, has to pay a fine of 91 million euros (more than 13 and a half billion rupees). The Data Protection Commission (DPC) of Ireland will pay a fine equal to that amount to Meta after it was found to have made a mistake in password storage.
The DPC launched an investigation in April 2019 after complaints that Meta stored passwords of social media users in its internal system without encryption. The research was also shared with other European data regulators by the DPC in June 2024. In which no regulatory body had opposed.
According to DPC, user passwords should not be stored like zinc. By doing so, people who have access to the said data can misuse it. But Facebook’s parent company stored the passwords to access social media accounts without encryption.
BBC wrote that this decision of DPC was informed to Meta on 26 September. But this is not the first case where Meta has been fined for data. Earlier in May 2023, Meta was fined 1.2 billion euros for errors in data transfers between Europe and the US. That fine was also decided by the DPC of Ireland.
Similarly, in 2022, Meta was fined 265 million euros after the data of millions of users in 106 countries was published on a hacker forum.
