Meta was punished with a 91 million euro fine from the social media giant’s European Union privacy regulator over a security lapse involving passwords for Facebook users.

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.

The lead European Union privacy regulator for Meta hit the tech giant with a fine worth more than $100 million Thursday for failing to properly store some users’ passwords. The Irish Data Protection Commission (DPC) said Meta was fined 91 million euros,

Meta, the parent company of Facebook, has been hit with a significant fine of 91 million euros ($102 million) by the European Union’s privacy regulator for a security failure that exposed Facebook users' passwords.

Meta has been hit with a $102 million privacy fine from the European Union over a 2019 password security lapse. View on euronews