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If you use Robinhood to barter stocks, you ability appetite to accede alteration your password.
The accepted stock-trading app emailed some of its users Wednesday to acquaint that clandestine log-ins were stored in an apart way. These passwords were kept in an centralized aggregation log in “plaintext,” acceptation they were not encrypted because of a technology glitch, Robinhood said. The aggregation beneath to say how boundless the affair was, or how abounding users were affected.
“On Monday night, we apparent that some user accreditation were stored in a clear architecture aural our centralized systems,” Robinhood said in an email to a accumulation of barter Wednesday. “We capital to let you apperceive that your Robinhood countersign may accept been included.”
The affair was aboriginal appear by TechCruch. A Robinhood agent told CNBC that the aggregation became acquainted of the botheration on Monday black and aural 48 hours, articular it and accomplished out to the customers. This was not the aftereffect of a drudge or aegis breach, the agent said.
“This did not accommodate all Robinhood barter — alone bodies whose passwords were afflicted accustomed the email,” a Robinhood agent told CNBC Thursday. “We absitively to over-communicate with our barter and be accessible about this, admitting the actuality that our analysis begin no affirmation that any of this advice was accessed by advisers or alfresco parties.”
High-stakes abstracts such as passwords, as able-bodied as claimed information, are about stored in a abstruse adjustment accepted as encryption, at all times. In the accident of a hack, a bent would see a alloyed up accumulation of belletrist instead of the apparent password. Two months ago, Google appear that it had afield stored some of its action customers’ passwords in plaintext, too.
Robinhood, which offers commission-free banal and cryptocurrency trading, said it had 6 actor users at the end of aftermost year — an agitative jump from aloof 4 actor in August. Robinhood has said it still planning to barrage a banknote annual afterwards its bootless barrage of a blockage annual in December.
The Menlo Park, California-based aggregation aboriginal befuddled up the allowance amplitude in 2013 with commission-free trading. Earlier this year, it submitted an appliance to the Office of the Comptroller of the Currency, or OCC, for a civic coffer charter. Robinhood assassin the above CEO Wedbush Coffer and Merchants Coffer of California, Scott Racusin, to baby-sit the activity and eventually be admiral and CEO of the proposed bank.
Last week, Robinhood appear a $323 actor Series E allotment annular Monday that bumped its appraisal to $7.6 billion. The annular was led by DST Global. NEA, Sequoia, Thrive Capital and Ribbit Capital additionally participated.