Robinhood is a stock trading and commission-free investment platform and app. Their users come from more than 200 countries and can invest in crypto, EFTs, and stocks.
The stock-trading and investment app known as Robinhood suffered a data breach. The email addresses of more than five million Robinhood users were accessed last fall. A threat actor employed a social engineering technique to delve into internal systems. The thief obtained a list of users' email addresses, the full names of several million more individuals, and the personal details of 300+ others.
The hacker covertly obtained access to Robinhood's systems, using the manipulation of employees through social engineering. The criminal requested payment in the form of ransom, threatening to release the stolen data to the public or sell it on the dark web. Though Robinhood representatives have not gone to great lengths to detail the attack strategy, they admitted that the hacker in question took advantage of an unsuspecting customer service representative.
This breach occurred in November 2021.
The breach impacts Robinhood customers. The popular trading app also took a blow to its reputation as a supposedly secure way to trade stocks. The impact of the Robinhood breach and the recent string of online attacks in the summer of 2022 is a testament to the merits of regularly upgrading your cybersecurity protections.
The exact number of files accessed in the attack was not revealed. However, the total number of Robinhood customers impacted by the breach totals around seven million. To find out more about this breach, read Robinhood Hit By Data Breach Affecting 7 Million.