CNN: Facebook Admitting They Had Access to Millions of User Passwords

EXCERPT:

ROMANS: "It’s been a year of 'I’m sorry' from Facebook. A full year now of 'I’m sorry's. And here's the latest one from Facebook. Facebook is acknowledging it mishandled sensitive passwords for hundreds of millions of its users. Facebook said it didn’t properly mask the passwords and stored them in an internal database that staff had access to. This primarily affected users who use Facebook's lite product, that's a simplified version of Facebook designed to work on slower Internet connections. Facebook vice president said this: 'The passwords were never visible to anyone outside of Facebook. No evidence anyone abused those passwords.' Hundreds of millions of users of Facebook Lite were affected. Tens of millions of regular Facebook users and tens of thousands of Instagram users affected. It's been a year of constant issues for Facebook. Cyber security concerns, a possible fine from the FTC, regulatory scrutiny of the U.S., even more in Europe, and lengthy outage just last week. Earlier this month, Facebook said it was pivoting to a privacy-focused model by adding end-to-end encryption to its various messaging services. But, guys, it's been a year of mea culpas. No question."