This article was republished here with permission from The Associated Press , however it is no longer available to read on Snopes.com.

SAN FRANCISCO (AP) — Facebook had stored millions of user passwords in plain text for years, the social media company confirmed on Thursday after a security researcher posted about the issue online. Facebook says there is no evidence that employees had abused access to this data. The company says the passwords were stored on internal company servers, no outsiders could access them. But the incident reveals a huge oversight for the company amid a slew… Read at AP News