Robinhood, the popular no-fee trading app, suffers a security breach exposing details of millions of customers
Robinhood, the famous no-fee trading platform, has suffered a security breach. The information comes to us through Reuters. The security breach was the result of perpetrators manipulating a customer support employee into giving them access to some of the company’s support systems. According to Robinhood, five million email addresses of customers were leaked. Additionally, another two million people had their full names exposed.
To make matters worse, personal information of another group of 310 people, including names, zip codes, and birth dates, was also leaked. The party responsible for the data breach tried to extort money out of Robinhood in exchange for the stolen information. The trading platform is now pursuing legal action against the attackers with the help of law enforcement.
Robinhood has claimed that no social security numbers, debit card numbers, or bank account numbers have leaked. And even though no customer suffered financial loss, Robinhood took a 3% hit to its share price as a result of the data breach.