Hackers broke into practically 2,000 Robinhood buying and selling accounts

Hackers broke into nearly 2,000 Robinhood trading accounts

Practically 2,000 Robinhood accounts had been infiltrated by hackers who stole cash from the favored stock-trading app’s customers, a brand new report says.

The estimate — which the monetary startup has not publicly confirmed — got here from an inside evaluate of the hacking exercise that looted hundreds of from Robinhood customers in current weeks, Bloomberg News reported Thursday.

Robinhood stated a “restricted quantity” of its prospects had been focused as a result of the e-mail deal with related to their accounts was compromised outdoors of the app. The hack didn’t stem from a breach of the corporate’s programs, a spokesperson stated.

However victims advised Bloomberg they discovered no indicators that criminals had gotten into their e mail accounts, and a few stated their buying and selling accounts had been damaged into regardless that they used “two-factor authentication,” which requires somebody logging in to verify their id in two methods.

Affected customers additionally complained that Robinhood didn’t have a customer support telephone quantity to discipline their complaints, the information service reported. Robinhood is reportedly contemplating organising such a telephone line.

“It’s form of ridiculous that an funding app that’s dealing with individuals’s livelihoods, individuals’s cash, has the audacity to make individuals wait a number of weeks to listen to again something,” Robert Riachi, who reportedly had hundreds of go lacking from his Robinhood account, advised Bloomberg.

Robinhood stated it has been sending customers push notifications with tips about securing their accounts, similar to utilizing two-factor authentication and setting sturdy passwords. The corporate stated it restricts accounts and logs them out when prospects report potential fraud.

“We absolutely perceive potential fraudulent or suspicious exercise in a monetary account may cause concern and we all the time reply to prospects reporting fraudulent or suspicious exercise and work as rapidly as potential to finish our investigation, resolve any account points and course of any refund,” a Robinhood spokesperson stated in a press release.


Judy Salley

Judy Salley writes for the Sports, Technology and Casino section of KYR News

About the author


Judy Salley

Judy Salley writes for the Sports, Technology and Casino section of KYR News

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