NEW: Facebook officials admit that the tech giant stored hundreds of millions of user passwords in plain text—able to be read by employees.
, which broke the story before Facebook issued the statement. Although the company did not disclose how long the passwords had been insecurely stored, the Krebs on Security report said that the problem existed for years.
We estimate that we will notify hundreds of millions of Facebook Lite users, tens of millions of other Facebook users, and tens of thousands of Instagram users. The company said the passwords weren't visible to anyone outside of the company, adding that "we have found no evidence to date that anyone internally abused or improperly accessed them."
"We estimate that we will notify hundreds of millions of Facebook Lite users, tens of millions of other Facebook users, and tens of thousands of Instagram users. Facebook Lite is a version of Facebook predominantly used by people in regions with lower connectivity," Canahuati wrote. Facebook recommends users change their passwords and use two-factor authentication or a security key.
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