Robinhood experiences files breach affecting 7 million customers

On-line stock trading platform Robinhood has been hit by a knowledge breach affecting about seven million of its customers, the corporate published on Monday, November 8. The Menlo Park, California-basically based company acknowledged the “files security incident” took blueprint on Wednesday, November 3, when an unauthorized third party “got bag entry to to a exiguous…

On-line stock trading platform Robinhood has been hit by a knowledge breach affecting about seven million of its customers, the corporate published on Monday, November 8.

The Menlo Park, California-basically based company acknowledged the “files security incident” took blueprint on Wednesday, November 3, when an unauthorized third party “got bag entry to to a exiguous amount of non-public files.”

Initial investigations counsel the offender tricked a buyer reinforce employee into giving them bag entry to to certain buyer reinforce programs.

It acknowledged the person within the lend a hand of the incident managed to attain a record of email addresses for around 5 million other folks and beefy names for a special team of around two million other folks.

For a extra exiguous amount of different folks believed to number around 310, additional private files, including name, date of birth, and zip code, became exposed, with a subset of roughly 10 customers having extra wide legend small print published, Robinhood acknowledged, including that it is within the strategy of contacting those tormented by the breach.

It acknowledged it believes no Social Safety numbers, checking legend numbers, or debit card numbers were exposed and that there became no financial loss to any customers because the incident.

After it contained the intrusion, Robinhood acknowledged the offender demanded an extortion fee. The corporate then contacted legislation enforcement and is now analyzing the incident with the lend a hand of an originate air security agency.

“As a security first company, we owe it to our customers to be clear and act with integrity,” Robinhood chief security officer Caleb Sima acknowledged in message posted on the corporate’s website online. “Following a diligent evaluate, striking the total Robinhood team on learn about of this incident now is the supreme relate to entire.”

Robinhood became founded by two Stanford graduates in 2013 with the aim of making investing more uncomplicated and to “democratize finance for all.”