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Robinhood to Pay $45 Million SEC Settlement Over Data Breach, Other Violations

Posted on January 14, 2025January 14, 2025 by Dissent

Alexander Osipovich reports:

Two brokerage units of Robinhood Markets  agreed to pay $45 million to settle an investigation by the Securities and Exchange Commission into a range of alleged violations, including one stemming from a 2021 data breach that exposed millions of customer names and emails.

… In the November 2021 breach, email addresses for about five million Robinhood users were exposed, as were the full names of a different group of about two million users, the Menlo Park, Calif.-based company said at the time. The intruder carried out the attack by impersonating a Robinhood employee and accessing company systems, Robinhood said.

Read more at The Wall Street Journal.

Category: Breach IncidentsOf Note

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1 thought on “Robinhood to Pay $45 Million SEC Settlement Over Data Breach, Other Violations”

  1. Marian E Walker says:
    January 15, 2025 at 7:39 pm

    I don’t trust anyone about doing anything on behalf of the consumers who are still feeling the pain from the Equifax 2017 breach? Cause I have not been paid or have I had any help with securing my accts that were affected by this huge breach? I am paying for this breach still today! I have lost my car, my storage shed, fixing to lose my home , and lost common stock shares all because of identity theft due to the Equifax Breach! And I can’t own anything? What are you going to do to fix this? Someone needs to make sure I get some security and that I keep my home or I am going to start pulling some names and dates of all of the people involved in this breach and what all that’s been promised me and the promises never kept by sources that should keep their promises to consumers?! I’m not asking for anything that wasn’t the reason I lost it other than from the huge breach that was the reason I lost it! Sincerely, M

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