Robinhood Data Breach Hits Seven Million Customers

Investing app Robinhood has uncovered a substantial info breach affecting the private information of an believed seven million customers.

The company claimed an unauthorized third party could accessibility the details on November 3, just after targeting an worker.

“The unauthorized party socially engineered a client support staff by phone and obtained obtain to sure purchaser assistance units. At this time, we comprehend that the unauthorized celebration received a record of email addresses for roughly 5 million persons and whole names for a various team of roughly two million individuals,” a assertion discussed.

“We also feel that for a extra constrained range of men and women – somewhere around 310 in overall – more individual information and facts, such as identify, date of birth, and zip code, was exposed, with a subset of close to 10 clients having much more extensive account facts revealed.”

Having said that, Robinhood claimed that no Social Security, bank account or debit card figures have been uncovered in the breach, and it does not believe that that any prospects were being monetarily impacted.

That reported, the danger actor has purportedly demanded a ransom payment in return for the stolen knowledge, so the information and facts that has been taken could be monetized on the cybercrime underground in follow-on fraud makes an attempt.

“As a safety-very first organization, we owe it to our prospects to be clear and act with integrity,” said Robinhood CSO Caleb Sima. “Following a diligent review, putting the total Robinhood group on notice of this incident now is the appropriate matter to do.”

The bare-bones stock trading app was fined a file $70m by the US Monetary Field Regulatory Authority (FINRA) more than the summer season for inflicting “widespread and sizeable harm” on clients. It was claimed the company misled individuals prospects about their investments, leaving them out of pocket.

Some parts of this article are sourced from:
www.infosecurity-journal.com