Instagram data breach scare: Over 17 million users hit by sudden and unexpected password reset emails. What should you do now?

Last week, several Instagram users reported receiving unexpected password reset emails, sparking concerns of a possible data breach. The users were asked to reset their Instagram passwords not initiated by them and the concerns drew more attention after Malwarebytes claimed the activity was linked to a breach associated with 17.5 million Instagram users. Meta has denied these claims.