Robinhood assured its clients that the data breach has been contained and “no Social Security numbers, bank account numbers, or debit card numbers were exposed.” The data breach did not result in financial loss to any customers based on its investigation.
Hacker demanded extortion payment from Robinhood
According to Robinhood, the hacker demanded extortion payment after it contained the intrusion into its platform. The company immediately reported the hacker’s demand to law enforcement.
Mandiant, a cybersecurity firm is helping the online trading platform in its ongoing investigation into the data breach.
Robinhood Chief Security Officer Caleb Sima said, “As a Safety First company, we owe it to our customers to be transparent and act with integrity. Following a diligent review, putting the entire Robinhood community on notice of this incident now is the right thing to do.”
In October last year, cybercriminals gained access to almost 2,000 customer accounts on Robinhood. Some customers reported that their funds were stolen and the company failed to immediately respond to their request for help to stop the hacking or unauthorized transactions.
