Like most companies, Facebook said it stores passwords in a way that’s supposed to make them unreadable using a technique called hashing. But a January security review, detailed in a blog post Thursday, found they were actually stored in a readable format. Facebook said it has since fixed the problem. It said that most affected were users of Facebook Lite, a stripped-down version of the social network that’s largely in use in countries with lower internet connection speeds.

Source: Los Angeles Times March 21, 2019 17:15 UTC