Meta was punished Friday with a fine worth more than $100 million from the social media giant's European Union privacy regulator over a security lapse involving passwords for Facebook users. The Irish Data Protection Commission said it slapped the U.

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.

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.