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

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.

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

Meta received a slap on the wrist on Friday to the tune of 91 euros ($102 million) for breaking Europe's strict privacy rules. The company hadn't put enough protections in place to secure people's social media passwords, and realized it was accidentally storing them in plain text.

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.

Meta has been fined €91M ($101M) for storing up to 600 million Facebook and Instagram passwords in plain text.

Meta was punished Friday with a fine worth more than $100 million from the social media giant's European Union privacy regulator over a security lapse involving passwords for Facebook users. The Irish Data Protection Commission said it slapped the U.

The Irish Data Protection Commission (DPC) has slapped Meta with a $101.5 million (€91 million) fine after wrapping up an investigation into a security breach in 2019, wherein the company mistakenly stored users' passwords in plain text.

The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users' passwords without protection or encryption.