Hackers have compromised “nearly 2,000” Robinhood Markets Inc buying and selling accounts within the current cyberattacks spree which have stolen funds from crypto customers, in keeping with nameless sources who supplied the estimated figures. Whereas Robinhood has not but made the information public, it did nevertheless ship a push notification to its customers this week that inspired them to activate the two-factor authentication. Extra just lately, it stated in a tweet:
Cybersecurity consciousness is essential to making sure your security and safety 🔐
Let’s go over the very best methods to assist defend your Robinhood account.
— Robinhood Assist (@AskRobinhood) October 15, 2020
Final week, some Robinhood customers, who stated that hackers had stolen their funds, obtained less-than-helpful responses from Robinhood. Prospects claimed that the startup didn’t reply adequately to the cyberattacks launched on their buying and selling accounts and neither did it have an emergency assist line. To which a Robinhood spokesperson stated in a report that they prioritized consumer account safety and that they all the time responded to prospects reporting suspicious exercise to quicken investigations.
When the hacking spree was revealed final week, Robinhood made an announcement that “a restricted quantity” of buyer accounts had suffered the hack, that breached customers’ private e-mail addresses that weren’t linked to their Robinhood accounts. Nonetheless, not all victims agreed to this declare by Robinhood, which has about 13 million customers.
In current instances, as on-line buying and selling has grown exponentially, as a result of extra individuals staying at residence after the coronavirus outbreak, Robinhood caught the development and in addition grew in reputation. The truth is, in August, the agency raised $200 million from buyers and was valued at $11.2 billion.
Nonetheless, Robinhood has been criticized of “gamifying” investing and financially harming customers. Like within the premature loss of life of a younger choices dealer, in June, who died by suicide after seeing a damaging portfolio worth that didn’t symbolize his precise stability.