Robinhood Shares Fall After Data Security Breach Revealed

The Nov. 3 breach exposed the email addresses of 5 million customers.

AccessTimeIconNov 8, 2021 at 10:30 p.m. UTC
Updated May 11, 2023 at 7:03 p.m. UTC

Robinhood’s shares fell 3.1% in after-market trading on Monday after the stocks and cryptocurrencies trading app acknowledged a Nov. 3 security data breach in a blog post.

  • “An unauthorized third party obtained access to a limited amount of personal information for a portion of our customers,” the popular trading platform said in the Monday blog post.
  • After Robinhood contained the breach, the hacker(s) demanded an extortion payment, according to the company, which immediately contacted the authorities.
  • The company said the unnamed third party obtained a list of email addresses for about five million people and full names for a different group of approximately two million people.
  • Robinhood assured its customers the attack had been contained and that no personal information such as Social Security, bank account or debit card numbers were exposed.
  • The company also stated that the breach didn’t cause financial loss for any customers.
  • However, the company also said the hack had compromised the personal information of 310 accounts, including name, date of birth, and zip code, and exposed more extensive information for 10 customers.
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    Aoyon Ashraf

    Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets