Why would you expose yourself to this? The Hood has a lot of heart saying the matter’s resolved after a million accounts are compromised. Peter Rudegeair and Robert McMillan report for The Wall Street Journal on the recent hack of Robinhood Markets, to the tune of five million users’ data breached, writing:
Robinhood Markets Inc. HOOD +0.26% said Monday that an intruder gained access to its systems last week and made off with the personal information of millions of its users.
The trading app said in a blog post that the incident took place on Wednesday evening and that the breach has since been contained.
Email addresses for about five million Robinhood users were exposed, as were the full names of a different group of about two million users. The intruder also accessed more-extensive personal information for a subset of more than 300 users.
No Social Security numbers, bank-account numbers or debit-card numbers were exposed, and customers haven’t experienced any financial losses, Robinhood said in the blog post.
The intruder was able to gain access to Robinhood systems by impersonating an authorized party to a customer-support employee on the phone, the company said.
Robinhood said a ransom payment was demanded after the hack was contained. The company said it has informed law enforcement and continues to investigate the incident with the help of cybersecurity company Mandiant.
Action Line: You want to be more than a “user” to the people helping you invest your money. “Users,” are people who post memes. “Users” are people who get a ride home from the bar. “Users” are people who change their fantasy sports lineups. There’s nothing wrong with being a user, but when it comes to investing your hard-earned money in the hopes of a healthy, fun, and relaxing retirement for you and your family, you want to be more than a user. You want to be a valued client, to someone who has a fiduciary duty to put your interests first. If you need help becoming more than a “user,” I would love to talk with you.
E.J. Smith - Your Survival Guy
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