Approximately 2,000 Robinhood accounts were accessed by hackers and looted during the week of October 5, according to Bloomberg . Victims told Bloomberg that their trading accounts were hacked in spite of already having set up account protection. A Robinhood spokesperson tells us, “A limited number of customers appear to have had their Robinhood account targeted by cybercriminals because of their personal email account (that which is associated with their Robinhood account) being compromised outside of Robinhood. We're actively working with those impacted to secure their accounts. This was not stemming from a breach of Robinhood's systems.” KEY TAKEAWAYS Approximately 2,000 Robinhood clients had their accounts breached, according to Bloomberg Robinhood is using push notifications to instruct its clients to set up better account security There are steps you can take to make sure you’re not hacked Quite a few Robinhood clients reported on Twitter that they awoke on October 16th to an email telling them to set up two-factor authorization . Because of an increase in cybercrime that has been observed across the financial industry during the pandemic, and in an effort to help customers protect their accounts, Robinhood has been advising customers via push notifications related to… Read full this story
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