News and Updates on Information Technology

United States – Robinhood

Exploit: Hacking/Database Intrusion
Robinhood: Investment App 

Risk to Small Business: 1.552 = Extreme

Robinhood informed its users last week that hackers had obtained access to funds and information in some of its accounts. The firm claims that there was no intrusion and that customer email addresses were compromised outside of the app, giving cybercriminals the ability to steal money and data, but investigators and clients say that’s not possible, citing the fact that most accounts were protected with MFA.

Individual Risk: 1.412 = Extreme

Personal and financial information about users was accessible and potentially stolen by hackers, and some users had money stolen directly from their accounts. Users should assume that their accounts have been compromised and act accordingly.

Customers Impacted: 2,000

How it Could Affect Your Customers’ Business: Providing services that use highly sensitive information implies that you’re using the best technology to keep that data safe – especially at a fintech startup.