Robinhood Shares Fall After Data Security Breach Revealed


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 knowledge breach in a blog post.

  • “An unauthorized third party obtained access to a limited amount of personal information for a portion of our customers,” the favored buying and selling platform stated within the Monday weblog publish.
  • After Robinhood contained the breach, the hacker(s) demanded an extortion fee, in keeping with the corporate, which instantly contacted the authorities.
  • The firm stated the unnamed third get together obtained an inventory of electronic mail addresses for about 5 million individuals and full names for a unique group of roughly two million individuals.
  • Robinhood assured its clients the assault had been contained and that no private data corresponding to Social Security, checking account or debit card numbers have been uncovered.
  • The firm additionally acknowledged that the breach didn’t trigger monetary loss for any clients.
  • However, the corporate additionally stated the hack had compromised the private data of 310 accounts, together with identify, date of delivery, and zip code, and uncovered extra intensive data for 10 clients.

Read More: Robinhood Traders, Including Bitcoin Holders, Left within the Lurch Following Theft: Report