Robinhood hack put 7 million users at risk — personal data stolen

Robinhood App on iPhone
(Image credit: Snappa)

Stock trading platform Robinhood has been hacked by an unauthorized third party that put seven million users at risk, as threat actors obtained personal data from around five million people. Fortunately, Robinhood confirmed (opens in new tab) that no financial information has been exposed.

The hackers gained access to "certain customer support systems” by socially engineering a customer support employee by phone, obtaining a list of email addresses from five million users, full names from a separate group of two million people, along with a further 310 users having their name, date of birth, and zip code exposed. Robinhood also states that around 10 customers had "more extensive account details revealed."

The popular trading platform claims the cybersecurity attack has now been contained, and has now informed law enforcement and continuing investigations. After the attack, the threat actors also demanded a ransom payment for the stolen information.

“As a Safety First company, we owe it to our customers to be transparent and act with integrity,” said Robinhood Chief Security Officer Caleb Sima on the post (opens in new tab). “Following a diligent review, putting the entire Robinhood community on notice of this incident now is the right thing to do.” 

While no bank account details or social security numbers were stolen, having personal data exposed can lead to other forms of cyberattacks. The good news is Robinhood enables two-factor authentication (2FA), which can be set up in the app. Check out how to do 2FA right for more details. With such widespread personal information being exposed, it's also a good idea to change your password.

Robinhood also recommends heading to its "Account Security" page in the app's Help Center, and states to look out for strange messages, as it will "never include a link to access your account in a security alert." 

Darragh Murphy is fascinated by all things bizarre, which usually leads to assorted coverage varying from washing machines designed for AirPods to the mischievous world of cyberattacks. Whether it's connecting Scar from The Lion King to two-factor authentication or turning his love for gadgets into a fabricated rap battle from 8 Mile, he believes there’s always a quirky spin to be made. With a Master’s degree in Magazine Journalism from The University of Sheffield, along with short stints at Kerrang! and Exposed Magazine, Darragh started his career writing about the tech industry at Time Out Dubai and ShortList Dubai, covering everything from the latest iPhone models and Huawei laptops to massive Esports events in the Middle East. Now, he can be found proudly diving into gaming, gadgets, and letting readers know the joys of docking stations for Laptop Mag.