Avoid fines by hashing your passwords
A chat platform in Germany was recently handed a fine of €20,000 (£17,700) for failing to properly protect user information. In this case, passwords were stored in plain text.
The fine was a small amount due to the co-operation of the company concerned, GDPR fines can be up to €20 million or 4% of annual turnover - whichever is higher as stated in Article 83.5.
This fine would have been easily avoided if the passwords were properly secured by salting and hashing the passwords.