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Submitted via IRC for Bytram
Stock Trading Firm Robinhood Stored User Passwords in Plaintext
Robinhood, a California-based financial services company that provides a popular commission-free stock trading app, informed some users that their passwords were stored in plaintext.
"When you set a password for your Robinhood account, we use an industry-standard process that prevents anyone at our company from reading it. On Monday night, we discovered that some user credentials were stored in a readable format within our internal systems. We wanted to let you know that your Robinhood password may have been included," the company told impacted customers.
Robinhood says it has addressed the issue and claims to have found no evidence that the exposed passwords have been accessed by anyone outside its response team. However, "out of an abundance of caution," impacted users have been advised to change their passwords.
The company has not shared any technical details on the incident and it has refused to disclose the exact number of impacted users.
The financial services firm discovered the password issue on the same day it raised $323 million. The latest funding round valued the company at $7.6 billion.
(Score: 2) by acid andy on Friday July 26 2019, @01:10PM
For what I said to work though, they'd have to ask the customer to change their password, assuming their logger wasn't already in place.
If a cat has kittens, does a rat have rittens, a bat bittens and a mat mittens?