Robinhood Data Breach: Not That Bad.


The insanely popular stock trading app Robinhood told us that it suffered from a security breach on Monday. The hacker accessed personal information from roughly 7 million users and wanted to be paid via ransom. But was this Robinhood data breach that bad? Spoiler alert, it wasn’t.

The only thing compromised for most users was a simple email address. So the only threat to the users would be that they are subject to phishing emails from people pretending to be Robinhood. This of course already happens today so in all honestly, nothing major will happen from this.

Although there were some unlucky 310 users where the Robinhood data breach contained more information. This information included things like their name, date of birth, and zip code. In which case those people have something to worry about. Another 10 users had “more extensive account details revealed” according to the statement Robinhood put out. Sadly we won’t know what these account details contain and it is probably for the best.

So for the vast majority of people, there were no Social Security numbers, bank account details, or debit card numbers exposed according to Robinhood. So the fact that no finical details were breached is always a good thing.

The company has already said that the Robinhood data breach was reported to law enforcement and it is currently investigating the incident with the help of a security firm known as Mandiant.

The fact of the matter is that a data breach is never a good thing. However, the fact that out of the total 22 million actively funded accounts only a small portion of them have had an actual harmful thing about them leaked. That is less than 0.002% of all active users. So all in all the data breach could have been so much worse.