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Daily Crunch: Facebook admits password security lapse

Daily Crunch: Facebook admits password security lapse

The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. Prompted by a report by cybersecurity reporter Brian Krebs, Facebook confirmed that it stored “hundreds of millions” of account passwords in plaintext for years. The discovery was made in January, said Facebook’s Pedro Canahuati, as part of a routine security review.