On Thursday, Facebook confessed that it has been storing users' passwords in plain text easily readable by employees for years. According to the AP, the company acknowledged the news after a security researcher exposed the lapse in a recent blog post. Unlike other websites, the company admitted that it did not have a policy of encrypting saved passwords in scrambled forms to make them almost impossible to recover. As a result, passwords for 600 million Facebook users were stored on internal company servers where thousands of employees could have searched them. Facebook has maintained, however, that none of its employees abused their access to the database.