Meta fined €91 million for GDPR violation, storing passwords in plaintext, raising security concerns

From CNBC: 2024-09-27 09:52:22

Meta (META), the social media giant, faces a €91 million fine for storing users’ passwords in plaintext. The breach violates GDPR regulations, raising concerns about security. This is not Meta’s first offense, as the company has been fined a total of €2.5 billion by the DPC. Despite this, analysts maintain a Strong Buy rating on META stock, with a 90% surge in the past year and a potential upside of 4.93% from the current price.



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