Irelands privacy regulator has opened an investigation into Facebook over its failure to securely protect millions of its users passwords.

The investigation, which will likely take months, follows revelations from the worlds largest social network last month that some of its engineers had stored hundreds of millions of peoples passwords from both Facebook and Instagram, the picture-sharing service owned by the company, on unencrypted internal servers.

The latest regulatory headache for Facebook comes a day after it confirmed to investors that the company had set aside $3 billion for a potential privacy fine linked to an ongoing investigation by the U.S. Federal Trade Commission. An announcement in that separate case is expected within months.

It also marks the 11th investigation into Facebook and its subsidiaries by Irelands data protection agency that has been accused of taking a lenient regulatory line with some U.S. tech companies, many of which have moved to Dublin to take advantage of Irelands low corporate tax rate.

By opening its latest investigation, the countrys privacy officials will be able to take advantage of EuropeRead More – Source

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