Instagram stored your password in plain text…

 Nice: Looks like Instagram is trying to compete with Linkedin in terms of password in-security: Instagram accidentally exposed some user passwords through its data download tool – The Verge … :

According to Instagram, some users who used that feature had their passwords included in a URL in their web browser, and that the passwords were stored on Facebook’s servers, Instagram’s parent company. A security researcher told The Information that this would only be possible if Instagram stores its passwords in plain text, which could be a larger and concerning security issue for the company. An Instagram spokesperson disputed this, saying that the company hashes and salts its stored passwords.