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.

In September 2022, the company received a €405 million penalty after regulators determined that Instagram had failed to protect children’s privacy adequately. A few months later, the DPC fined Meta another €265 million over weak security settings that allowed hackers to download a large quantity of user data.