Ireland’s data protection watchdog fined Meta Platforms 91 million euros ($101.7 million) after the Facebook and Instagram owner stored passwords of some social media users on its internal systems without proper safeguards.

Ireland's Data Protection Commission on Friday fined Meta more than $100 million for privacy law violations related to failing to properly encrypt and store passwords of the tech giant's users.

Meta Platforms Ireland Limited (MPIL) has been fined €91 million by the Irish Data Protection Commission (DPC) for storing hundreds of millions of users’ passwords in plain text.