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A comment on Newegg stores your password in plaintext. Parent comment

Re:Newegg stores your password in plaintext by grantg on Tuesday May 24, 2011 @07:59PM (#2582237)
Encryption is inadequate because others can still find out what your password was (Insert disgruntled employee or hacker that gets the master decyption key).

Hashing / SALTing is WAAAAAY safer.

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