Robinhood Shares Fall After Data Security Breach Revealed

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Robinhood’s shares fell 3.1% in after-market buying and selling on Monday after the shares and cryptocurrencies buying and selling app acknowledged a Nov. 3 safety information breach in a blog post.

  • “An unauthorized third occasion obtained entry to a restricted quantity of non-public data for a portion of our clients,” the favored buying and selling platform mentioned within the Monday weblog put up.
  • After Robinhood contained the breach, the hacker(s) demanded an extortion cost, in line with the corporate, which instantly contacted the authorities.
  • The corporate mentioned the unnamed third occasion obtained an inventory of electronic mail addresses for about 5 million folks and full names for a special group of roughly two million folks.
  • Robinhood assured its clients the assault had been contained and that no private data comparable to Social Safety, checking account or debit card numbers have been uncovered.
  • The corporate additionally acknowledged that the breach didn’t trigger monetary loss for any clients.
  • Nonetheless, the corporate additionally mentioned the hack had compromised the private data of 310 accounts, together with title, date of start, and zip code, and uncovered extra in depth data for 10 clients.

Learn Extra: Robinhood Traders, Including Bitcoin Holders, Left in the Lurch Following Theft: Report

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