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Popular Trading Platform Robinhood Reports Security Breach and User Data Leak

Nov 9, 2021

Popular Trading Platform Robinhood Reports Security Breach and User Data Leak

Robinhood, a popular financial services firm and trading platform, said today that its database has been breached, resulting in the exposure of customer data. An "unauthorized third party" allegedly obtained access to the firm's clients' personal information earlier this month, according to the company.

Robinhood confirmed the incident on the evening of November 3, 2021 in an email issued to its clients on Monday. According to the firm, just a "small quantity" of information was exposed, and the incident was successfully controlled. The assault revealed users' email addresses, but Robinhood thinks no other information was compromised.

We're writing to advise you that on November 3, 2021, Robinhood had a security issue in which an unauthorized third party gained access to a small quantity of personal information for a subset of our customers. The attack has been contained, according to our findings. Robinhood immediately notified law enforcement and is working with a prominent independent security firm to examine the situation.

Phishing schemes sometimes employ emails that have been released on the internet to deceive people into providing additional personal information by imitating a legitimate firm. As a result, Robinhood advises customers to check the company's official app for vital security warnings and, if necessary, help.

Chatting exclusively with verified profiles on social media and establishing two-factor verification for user accounts are two further suggestions. Fortunately, Robinhood reports that no users were harmed financially as a result of the hack.

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Binance to End Freeze on Deposits From Key EU Payments Network
Binance to End Freeze on Deposits From Key EU Payments Network

According to a source close to the subject, Binance Holdings Ltd. is about to resume taking euro bank deposits from a big European payment network, ending a months-long restriction.

Companies
Barclays Surpasses Profit Expectations and Increases Shareholder Payouts
Barclays Surpasses Profit Expectations and Increases Shareholder Payouts

On Wednesday, Barclays surpassed second-quarter profit estimates and increased shareholder dividends, with record earnings in its investment banking and equities divisions.

Companies
Oliver

Benefits of Using Cryptocurrency Services for Merchants
Many people around the world have undoubtedly heard of blockchain technology and cryptocurrencies. Crypto wallets, as well as alternative payment methods, are evolving alongside it, and they are transforming the way we do business online. Merchants using payment processors convert bitcoins and other crypto assets instantly into fiat currency.

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How to Choose the Best Crypto Payment Provider?

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How to Choose the Best Crypto Payment Provider?

The cryptocurrency market is booming at an unprecedented rate. Currently, there are over 20,000 different kinds of cryptocurrencies being traded in the global crypto market. This significant growth has caught the attention of many businesses and entrepreneurs who are now looking for ways to implement cryptocurrency into their own activities and accept crypto payments.

Crypto Payments

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