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Robinhood suffers enormous breach, exposing millions of users’ data

Robinhood suffers enormous breach, exposing millions of users’ data

Banking & FinanceEnterprise SecurityNorth AmericaTop Stories

Robinhood announced that its popular app has suffered a breach, exposing millions of email addresses, names and more. In a statement released on November 8, Robinhood said it discovered the incident on the evening of November 3, explaining that an ‘unauthorised third party’ managed to obtain personal information of its customers. The company was quick to say that no Social Security numbers, bank account numbers, or debit card numbers were exposed and that there has been no financial loss to any customers as a result of the incident. 

Steven Hope, CEO and Co-founder of Authlogics, said: “While most of the data extracted for the majority involved isn’t extremely sensitive or confidential, it can still be used by bad actors for social engineering or password spraying/credential stuffing attacks. Unfortunately, many individuals still make the mistake of using or re-using breached passwords, making their accounts extremely easy to access for cybercriminals. As such, it is vital that users understand to not share anything related to their passwords on their socials, or to use Multi-Factor Authentication systems to protect their vital information.”

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