Meta has been hit with yet another privacy penalty in Europe. On Friday, Ireland's Data Protection Commission (DPC) announced a

Meta received a fine of over $100 million in a five-year EU investigation of about 600 million Facebook passwords stored in plaintext.

Five years after the incident was uncovered and fixed, a European regulator is penalizing Facebook parent company Meta for violating the European Union's GDPR laws on data privacy.

The Irish Data Protection Commission (DPC) has fined Meta Platforms Ireland Limited (MPIL) €91 million ($100 million) for inadvertently storing hundreds

Across Facebook and Instagram, Meta has been storing more than half a billion users' passwords in plain text, with some easily readable for more than a decade.

The Irish Data Protection Commission (DPC) has fined Meta €91 million ($101.56 million) as part of a probe into a security lapse in March 2019, when the company disclosed that it had mistakenly stored users' passwords in plaintext in its systems.

In a significant regulatory move, Ireland’s Data Protection Commission (DPC) fined Meta, the parent company of Facebook and Instagram, €91 million ($102 million) for a major breach in password security.