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Nemeski to Technology@lemmy.worldEnglish • 9 months ago

Meta fined $102 million for storing passwords in plain text

www.engadget.com

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Meta fined $102 million for storing passwords in plain text

www.engadget.com

Nemeski to Technology@lemmy.worldEnglish • 9 months ago
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The Irish Data Protection Commission (DPC) has fined Meta €91 million for a 2019 incident wherein the company stored millions of Facebook and Instagram passwords in plain text.
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  • @Squizzy@lemmy.world
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    -2•9 months ago

    102 million is a major fine.

    • InEnduringGrowStrong
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      1•9 months ago

      Not for a company with 120 Billion profits.

    • @GoodEye8@lemm.ee
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      9 months ago

      102 million is a major fine for you. For meta that’s less than 1% of their last quarter (which was 13 billion net income).

      • @pixelscript@lemm.ee
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        9 months ago

        If you make $50k/yr after taxes, the equivalent fine would be on the order of about $120.

        Where I’m from, that’s a speeding ticket.

      • @ColonelThirtyTwo@pawb.social
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        1•9 months ago

        To put it into perspective, the fine was 0.8% of that net income.

    • Chaotic Entropy
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      1•9 months ago

      This is less than a rounding error.

    • @floquant@lemmy.dbzer0.com
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      1•9 months ago

      It is absolutely not, but I understand it’s easy to lose sense of scale when you go into billions territory.

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