Robinhood saw tremendous growth in recent years thanks to its innovative idea that allows anyone to trade stocks and cryptocurrencies directly from their smartphone. You don't need complicated equipment to monitor markets, and you can trade from anywhere in the world, as long as you have an active internet connection. One other ingredient that makes this idea so successful is the cost. All Robinhood trades are free for the user. You don't have to pay Robinhood a commission, as the company makes its money elsewhere. The massive increase in popularity that followed wasn't surprising, with Robinhood reaching over 31 million users as of June 2021. It's that sort of reach that makes a company like Robinhood so appealing to hackers. And Robinhood just confirmed it suffered a massive data breach that allowed attackers to steal personal information for 7 million Robinhood accounts.
The post Robinhood data breach exposed data from 7 million people appeared first on BGR.
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Robinhood data breach exposed data from 7 million people originally appeared on BGR.com on Tue, 9 Nov 2021 at 07:31:38 EDT. Please see our terms for use of feeds.
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