Robinhood says hackers managed to get access to data of 7 million users

Dimapur, Nov. 9 (EMN):  Popular trading app Robinhood on Monday revealed that it had experienced a data security incident, which exposed personal details of around 7 million of its users to an “unauthorised third party.”

The American stock brokerage, which allows users to trade in stocks and crypto assets, said that the data security breach occurred late in the evening of November 3. Apart from email addresses and full names of some of its users, no social security numbers, bank account details and credit card numbers were exposed; the company assured its users.

Furthermore, no financial loss had been reported by any of its users since the security breach, said Robinhood.

On its website, Robinhood wrote, “The unauthorised party socially engineered a customer support employee by phone and obtained access to certain customer support systems. At this time, we understand that the unauthorised party obtained a list of email addresses for approximately five million people, and full names for a different group of approximately two million people.”

The company announced that it has already contained the security breach and that it was making appropriate disclosures to affected people.

“As a Safety First company, we owe it to our customers to be transparent and act with integrity,” said Robinhood Chief Security Officer Caleb Sima. “Following a diligent review, putting the entire Robinhood community on notice of this incident now is the right thing to do.”