Robinhood Security Breach Exposes Data on Millions of Users

According to Bloomberg, the intruder obtained email addresses of about 5 million people as well as full names for a separate group of about 2 million, Robinhood said Monday in a statement. For some customers, even more personal data was exposed, including names, birth dates and ZIP codes of about 310 people, and more extensive information belonging to a group of about 10.

While the firm said it believes no Social Security, bank account or debit-card numbers were exposed during the Nov. 3 incident, nor that customers incurred financial losses one cannot help but wonder why some large corporations are so lax in their computer security, exposing their own customers to potential fraud.

Watch for an SEC or FINRA investigation into this compliance failure.

HTTP://www.advisorhub.com/robinhood-security-breach-exposes-data-on-millions-of-users/

Mark J. Astarita

Securities Attorney at Sallah Astarita & Cox | 212-509-6544 | mja@sallahlaw.com | Website | + posts

Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.

He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page - SECLaw.com, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.