Nemeski@lemm.ee to Technology@lemmy.worldEnglish · 14 days agoMeta fined $102 million for storing passwords in plain textwww.engadget.comexternal-linkmessage-square34fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkMeta fined $102 million for storing passwords in plain textwww.engadget.comNemeski@lemm.ee to Technology@lemmy.worldEnglish · 14 days agomessage-square34fedilink
minus-squareSquizzy@lemmy.worldlinkfedilinkEnglisharrow-up0arrow-down1·13 days ago102 million is a major fine.
minus-squarefloquant@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·13 days agoIt is absolutely not, but I understand it’s easy to lose sense of scale when you go into billions territory.
minus-squareGoodEye8@lemm.eelinkfedilinkEnglisharrow-up1·edit-213 days ago102 million is a major fine for you. For meta that’s less than 1% of their last quarter (which was 13 billion net income).
minus-squareColonelThirtyTwo@pawb.sociallinkfedilinkEnglisharrow-up1·13 days agoTo put it into perspective, the fine was 0.8% of that net income.
minus-squarepixelscript@lemm.eelinkfedilinkEnglisharrow-up1·edit-213 days agoIf you make $50k/yr after taxes, the equivalent fine would be on the order of about $120. Where I’m from, that’s a speeding ticket.
minus-squareInEnduringGrowStrong@sh.itjust.works@sh.itjust.workslinkfedilinkEnglisharrow-up1·13 days agoNot for a company with 120 Billion profits.
minus-squareChaotic Entropy@feddit.uklinkfedilinkEnglisharrow-up1·13 days agoThis is less than a rounding error.
102 million is a major fine.
It is absolutely not, but I understand it’s easy to lose sense of scale when you go into billions territory.
102 million is a major fine for you. For meta that’s less than 1% of their last quarter (which was 13 billion net income).
To put it into perspective, the fine was 0.8% of that net income.
If you make $50k/yr after taxes, the equivalent fine would be on the order of about $120.
Where I’m from, that’s a speeding ticket.
Not for a company with 120 Billion profits.
This is less than a rounding error.