Users of investment app Robinhood are victims of data breach – Community News
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Users of investment app Robinhood are victims of data breach

NEW YORK (AP) — Popular investment app Robinhood said Monday it had suffered a security breach last week in which hackers gained access to the personal information of about 7 million users and demanded ransoms.

The online trading platform said it believes no social security numbers, bank account numbers or debit card numbers have been released and that customers have not suffered any financial losses as a result of the breach.

For the vast majority of affected customers, the only information obtained was an email address or full name. For 310 people, the information included their name, date of birth, and zip code. Of those, 10 customers had “revealed more extensive account information,” Robinhood said in a statement.

Robinhood said that after it contained the break-in, “the unauthorized party demanded an extortion payment.” The company said it has notified police and is investigating the incident with the help of security firm Mandiant.

More than 22 million users have funded accounts at Robinhood, with nearly 19 million actively using their accounts in September.

Shares of Robinhood fell 3.1% in after-hours trading.

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