Investor trading app company Robinhood Markets has confirmed a data breach that affects the personal information of about 7 million customers – roughly a third of its user base. A cyberattacker made off with emails and more, which could lead to follow-on attacks for Robinhood customers.
The trading platform, which found itself in the middle of the infamous GameStop stock price run-up in January, acknowledged that the breach was a result of a system compromise that occurred on Nov. 3. The company said that the adversary was able to target an employee to gain access to sensitive company systems. After that, the perpetrator attempted to extort the company, demanding payment in return for not releasing the stolen data.
