HomeNewsData of 7 million customers stolen; says Robinhood

Data of 7 million customers stolen; says Robinhood


Last Updated on 22/11/2021 by Anamika

Reportedly, Robinhood, a very popular trading application got hacked recently with data of 7 million customers lost by the hands of attackers, with the attackers asking for a hefty ransom.

The company said in a statement that they are sure that none of the social security numbers, bank account details, or any other financial information was lost in the breach, so, the chances are really less for the customers to face any financial loss.

We recently experienced a data security incident in which an unauthorized third party obtained access to a limited amount of personal information for a portion of our customers. Based on our investigation, the attack has been contained.

The company also stated that the attackers gained access to the full names or email addresses of the users. Some of the user’s data also included date of birth, or ZIP codes, etc.

According to the reports of cbsnews, the hack started with a phone call to customer support, according to the statement. The hacker relied on social engineering to convince an employee to provide “access to certain customer support systems,” Robinhood said. The company added that it is in the process of “making appropriate disclosures to affected people.”

Post this breach, Robinhood’s share price fell by almost 3%.

Anamika focuses on data privacy, data policy, digital policies, and puts users' privacy first. She loves exploring new tech and spends time looking around business politics and its impact on users and small businesses.
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