Robinhood trading app hit by data breach affecting seven million

Source: BBC News [UK state media]

“US share-trading app Robinhood has been hit by a security breach that has exposed the names or email addresses of more than seven million people. The company says the breach affected ‘a limited amount of personal information for a portion of our customers.’ And it does not believe the most sensitive information it gathers (US social security numbers and financial information) was revealed. Robinhood said it had rejected a demand for payment and reported the attack. Such ransom demands are not uncommon in cyber-attacks and usually amount to a promise not to sell on the compromised data or leak it for free online. The company did not say what terms were involved in its case. Instead of complying with what it called ‘extortion,’ Robinhood said it had notified law-enforcement authorities and hired an external cyber-security firm to help deal with the incident.” (11/09/21)