Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Robinhood says some customer accounts may have become target of hackers

Published 10/09/2020, 03:18 PM
Updated 10/09/2020, 05:20 PM
© Reuters. Silhouettes of laptop users are seen next to a screen projection of binary code are seen in this picture illustration

(Reuters) - Fintech startup Robinhood Markets Inc said on Friday some customers might have become a target of hackers because of their personal email accounts being compromised outside of its platform.

The issue did not occur from a breach in the firm's systems, a spokesperson for the company said in a statement.

"We're actively working with those impacted to secure their accounts", Robinhood added.

Robinhood, which is credited with helping popularize trading among millennials, has seen multiple outages since March due to higher-than-usual traffic to its app from a recent upsurge in day trade by retail investors.

Last month, Reuters reported that the firm had increased its latest funding round from investors to $660 million, giving it a valuation of $11.7 billion.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.