Robinhood Says It Was Hacked and Extorted But Nobody Lost Any Money

Robinhoood was hacked last week by someone who socially engineered a customer service representative to gain access to the email addresses of more than 5 million customers, the full names of 2 million other customers, and other data from a much smaller group of customers, the company said in a blog post published Monday. The hacker then allegedly attempted to extort the company. 

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

“We also believe that for a more limited number of people—approximately 310 in total—additional personal information, including name, date of birth, and zip code, was exposed, with a subset of approximately 10 customers having more extensive account details revealed,” it added. “We are in the process of making appropriate disclosures to affected people.”

Robinhood wrote that “the attack has been contained and we believe 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.”

Robinhood has been repeatedly in the news this year, most famously for halting trading during the GameStop frenzy in January, which further contributed to mass volatility in the market and ultimately was the subject of Congressional hearings, as well as various federal, state, and local investigations. Robinhood also recently went public. The company has helped drive the meme stock bonanza because of the way it has gamified trading, and because it allows stock trades with no commission. After halting trading for GameStop, many Robinhood investors turned on it. This security breach is likely to increase the already intense scrutiny on the company. 

Subscribe to our cybersecurity podcast, CYBER. Subscribe to our new Twitch channel.

This post has been read 14 times!

0 0 votes
Article Rating
Like
Like Love Haha Wow Sad Angry
guest
Not Optional
Optional
0 Comments
Inline Feedbacks
View all comments