Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,990,641 members, 7,282,296 topics. Date: Monday, 30 January 2023 at 05:19 AM

Robinhood Trading App Hit By Data Breach Affecting Seven Million - Science/Technology - Nairaland

Nairaland Forum / Science/Technology / Robinhood Trading App Hit By Data Breach Affecting Seven Million (342 Views)

NITDA Extends Time For Filing Of Initial Data Audit Report By Data Controllers & / How To Check If You Suffered From Facebook’s Data Breach / Google+ Is Shutting Down For Consumers After Potential Major Data Breach (2) (3) (4)

(1) (Reply) (Go Down)

Robinhood Trading App Hit By Data Breach Affecting Seven Million by g7conet: 4:07pm On Nov 09, 2021
US share-trading app Robinhood has been hit by a security breach that has exposed the names or email addresses of more than seven million people.

The company says the breach affected "a limited amount of personal information for a portion of our customers".

And it does not believe the most sensitive information it gathers - US social security numbers and financial information - was revealed.

Robinhood said it had rejected a demand for payment and reported the attack.

Such ransom demands are not uncommon in cyber-attacks and usually amount to a promise not to sell on the compromised data or leak it for free online. The company did not say what terms were involved in its case.

Instead of complying with what it called "extortion", Robinhood said it had notified law enforcement authorities and hired an external cyber-security firm to help deal with the incident.

"We owe it to our customers to be transparent and act with integrity," the company's security officer, Caleb Sima, said in a published statement.

"Following a diligent review, putting the entire Robinhood community on notice of this incident now is the right thing to do," it said.

The breach happened on 3 November through what's known as "social engineering" - a specifically targeted and convincing scam designed to trick an employee into divulging login details or other sensitive information.

It affected five million people whose email addresses were compromised and the full names of a further two million.

Robinhood also said a much smaller group of about 310 people had much more information exposed - including names, dates of birth, and US zip codes.

A further 10 or so had "more extensive account details revealed", it said.

Robinhood is available only to US users and requires them to be over 18, provide a valid social security number, and a valid US address. It is that sensitive information which the company says was not exposed.

The app, which allows for low-volume share trading by ordinary people looking to invest, exploded in popularity earlier this year and was widely used by speculative investors behind the GameStop trading frenzy.

Re: Robinhood Trading App Hit By Data Breach Affecting Seven Million by InvestorRicky(m): 4:10pm On Nov 09, 2021
Robinhood again

1 Like

Re: Robinhood Trading App Hit By Data Breach Affecting Seven Million by g7conet: 4:18pm On Nov 09, 2021
InvestorRicky:
Robinhood again
E shock you?
Re: Robinhood Trading App Hit By Data Breach Affecting Seven Million by InvestorRicky(m): 4:32pm On Nov 09, 2021
g7conet:

E shock you?

I don just tire for them. Nonsense exchange that's hacked yearly

1 Like

(1) (Reply)

Laetitude Review: Next - Generation Trading Bots Can Really Increase Profit Or / Hiiii..guys / Project Link By Google Inc. For Africa Is Not Charity.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2023 Oluwaseun Osewa. All rights reserved. See How To Advertise. 45
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.