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Stock trading service Robinhood stored passwords in plaintext for some users

July 25, 2019

Stock trading service Robinhood admitted to have stored passwords of a number of users in plain text, the company is informing impacted ones via email.

“When you set a password for your Robinhood account, we use an industry-standard process that prevents anyone at our company from reading it. On Monday night, we discovered that some user credentials were stored in a readable format within our internal systems. We wanted to let you know that your Robinhood password may have been included,” reads the email sent by the company to the impacted customers.

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