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Facebook admits to storing passwords in plain text on internal servers

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Facebook on Thursday admitted that millions of passwords were stored in plain text on its internal servers, a security slip that left them readable by the social networking giant’s employees.
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“To be clear, these passwords were never visible to anyone outside of Facebook and we have found no evidence to date that anyone internally abused or improperly accessed them,” vice president of engineering, security, and privacy Pedro Canahuati said in a blog post.

Source: Business Standard