Robinhood Shares Fall After Data Security Breach Revealed

Robinhood’s shares fell 3.1% in after-market trading on Monday after the stocks and cryptocurrencies trading app acknowledged a Nov. 3 security data 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 popular trading platform said in the Monday blog post.
• After Robinhood contained the breach, the hacker(s) demanded an extortion payment, according to the company, which immediately contacted the authorities.
• The company said the unnamed third party obtained a list of email addresses for about five million people and full names for a different group of approximately two million people.
• Robinhood assured its customers the attack had been contained and that no personal information such as Social Security, bank account or debit card numbers were exposed.
• The company also stated that the breach didn’t cause financial loss for any customers.
• However, the company also said the hack had compromised the personal information of 310 accounts, including name, date of birth, and zip code, and exposed more extensive information for 10 customers.

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