Bloomberg Technology
Why the Hack of Robinhood Is So Troubling
Oct.16 — Richard Bird, Ping Identity Holding Corp. chief customer information officer, says the hack of almost 2,000 Robinhood Markets accounts is concerning. He speaks on “Bloomberg Markets: The Close.”
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gilcruz1479
October 16, 2020 at 9:03 pm
2-Factor Authentification guys
Jon Dittmar
October 17, 2020 at 10:46 am
Use authentication app also not just sms for best security
Caidan Murray
October 17, 2020 at 2:32 pm
Many people had 2F and no email compromise
M M
October 18, 2020 at 4:51 am
Make sure you tell your phone company that you can only make sim card copies in person not online.
Zhello
October 18, 2020 at 1:48 pm
@Caidan Murray They probably don’t have the authentication app. That is stronger than the common 2FA sms.
Bryn Whitehead
October 16, 2020 at 10:03 pm
You bore me.
Sean Jones
October 16, 2020 at 10:27 pm
Please everyone, cancel your robinhood account, so many warnings signs. Robinhood WILL NOT reimburse any of these account holders
philip john
October 18, 2020 at 12:09 pm
No. I won’t .
Sean Jones
October 18, 2020 at 2:05 pm
@philip john smart
Viking Muay Thai
October 18, 2020 at 9:31 pm
It doesn’t matter what broker you use, if someone gets your email, birthday, and passwords you’re fucked.
Sean Jones
October 18, 2020 at 10:35 pm
@Viking Muay Thai you say it as if it’s common
W.
October 16, 2020 at 11:05 pm
Banks get hacked everyday, this is nothing
luis abularach
October 17, 2020 at 8:41 pm
Banks have people you can call so they stop all transaction immediately. Some of the people said they saw their account being hacked and Robinhood would not respond to any of their emails. They had to watch as all the money was pulled out of their account and they couldn’t do anything.
Jonathan Powell
October 17, 2020 at 9:55 pm
Nothing huh. They stole 993.23 from me. Which was money for my daughters medical needs. No big deal huh. I hope they all get murdered in broad daylight
originalComment 1
October 17, 2020 at 11:09 pm
@Jonathan Powell did you secure your email with 2f and robinhood with 2f
Jonathan Powell
October 18, 2020 at 12:39 am
@originalComment 1 yes
FreedomFighter
October 18, 2020 at 12:46 am
@Jonathan Powell via sms? I’m asking for my own daughters funds…..think I’m canceling Robinhood completely …
8am
October 17, 2020 at 12:26 am
Jesus, why does wallstreet really not want people investing on apps?
Mr. Berry
October 17, 2020 at 1:55 pm
They do. Just not on a low quality app beyond pretty UX/UI.
Persik II
October 17, 2020 at 10:18 pm
Because it’s causing abnormal pattern, this what happened with Hertz or KoDak. New generation are changing everything and these guys don’t sleep anymore.
npcwill
October 17, 2020 at 11:35 pm
@Persik II nailed it ! the retail investor now has a seat at the table and a good blitz from retail can upset the most wealthy very quickly !
Brenda Brenda
October 18, 2020 at 12:49 am
Yeah, put 2 step verification on your email and Robinhood account and use a third party code generator app for 2 step. Literally impossible to get hacked virtually.
Tong YG
October 17, 2020 at 2:31 am
With so many new retail investors joining Robinhood, they need to step up their game and update their security. Is it too much for them to set up a number costumers can call?
Naka Nation
October 17, 2020 at 8:24 am
2000 plebs that use the same password on all their log ins lmao. Use two factor authentication and unique passwords on everything. I even change my password to my email every month.
OMW2FYB
October 17, 2020 at 12:59 pm
It just said they had two-factor authentication lol
Naka Nation
October 17, 2020 at 6:50 pm
@OMW2FYB when you turn on your TFA, Robinhood gives you a choice on how you wish to receive your one time use code. One of them being receiving it through your email. These people got hacked through their email. Out of all the people on Robinhood, it’s very likely that 2000 of them choose to receive their code through email instead of SMS.
Yellowowl Nighteagle
October 17, 2020 at 1:30 pm
Competition is what destroys true equality. They know this. The problem is, they destroyed everyone in their way to get where there are and are continuing to do so to remain in power. They utilized the concept of competition to get where they are and then shame the rest of the world for doing so. To draw sympathy for thier plight, they make mountains out of mole hills. The love of money…
Alpha Light
October 17, 2020 at 5:08 pm
Please update your passwords can’t imagine losing all the money you invested to some hackers.
Ancient Kid
October 17, 2020 at 10:05 pm
TRADITIONAL BROKERS DONT WANT ROBINHOOD TO WIN THATS THE STORY
Leonardo Fonseca
October 17, 2020 at 10:30 pm
traditional brokers get traffic from real investors. Not random people investing (more like betting) less than 5, 000 dollars on mainstream companies.
Mr. Berry
October 18, 2020 at 1:05 am
Its not about traditional brokers vs new brokers. Its about quality brokers vs low quality ones.
M1 Finance is new, but they have a high quality experience. No news about system crashes for 2 business days, they aren’t getting hacked, and they don’t encourage high risk trading.
M M
October 18, 2020 at 4:52 am
Moved my funds out of Robinhood immediately I didn’t know they didn’t have customer service.
WilfordThe 4th
October 17, 2020 at 10:15 pm
The fact that a company that manages over a billion dollars of other peoples money doesn’t even have a phone number is completely insane. Get out of robinhood. I lost 6 grand and emailed robinhood 11 times and they didnt get back to me about my 6 grand for two weeks. Robinhood is borderline fraudulent.
Hanson Kewl
October 18, 2020 at 1:48 am
Lol better to stick to established shops like TD or CS. Those are free commissioned too
Red Raven
October 18, 2020 at 1:55 am
Liar
S.B.G
October 17, 2020 at 10:26 pm
they all going to get hacked because they still dont get it go decentralize P2P trading
Slayer-33
October 18, 2020 at 12:38 am
2,000 accounts out of 13 million.
Why are these people talking about “hack”
People got phished. Fools got phished. Robinhoods systems didn’t get hacked.
Mr. Berry
October 18, 2020 at 12:52 am
Their customer service didn’t help stop it either.
TheRedemptionRain
October 18, 2020 at 12:57 am
@Brenda Brenda 2,000 retail investors aren’t going to influence shit lol, especially with 13 million accounts.
Brenda Brenda
October 18, 2020 at 12:59 am
@TheRedemptionRain exactly, my point is this is only news to scare away people from Robinhood
Slayer-33
October 18, 2020 at 1:07 am
@Brenda Brenda exactly
conquer14
October 18, 2020 at 1:21 am
@Brenda Brenda they need customer service at least. To make sure their account is safe even if the robinhood system didn’t get hacked.
John Single
October 18, 2020 at 1:06 pm
My issue was robinhood had no phone to call no customer service to pick up
John Single
October 18, 2020 at 1:07 pm
@TheRedemptionRain its not the 2k accounts its the pr that 100% made me not use them
Viking Muay Thai
October 18, 2020 at 9:28 pm
I love how them not having a phone number to call is this huge issue people are pressing too.
As if we all don’t just email and text for everything anyway hahaha
Kent Peterson
October 18, 2020 at 12:49 am
I don’t see how people can hack Into your account if they don’t know your email address or password. Without that hacking should be almost impossible.
Angela Jackson
October 19, 2020 at 1:19 am
There are ways around this. A lot of ways around this.
Ariel Bibilonia
October 18, 2020 at 12:49 am
Hackers should get the death penalty
NINJA_MOTO
October 18, 2020 at 1:17 am
Already canceled..zzzz
Nick Windham
October 18, 2020 at 4:50 am
Stock broker’s should copy Binance’s security features and make most of them mandatory to protect people from themselves. Crypto brokers get more hack attempts than most and Binance just keeps adding layers of security. It would be great to see it with all financial accounts.
Dave
October 18, 2020 at 7:21 am
Robinhood didn’t get hacked. People fell for a phishing scam which tied to their email accounts and Robinhood accounts.
Bay Areas
October 18, 2020 at 7:21 am
I can’t even get my account approved for some reason. def have funds so idk
Viking Muay Thai
October 18, 2020 at 9:30 pm
Are you using a prepaid card, or some other unverifiable bank? I had that same problem.
Bay Areas
October 19, 2020 at 12:32 am
@Viking Muay Thai ya but its def verifiable iv used for taxes and so on and what was your solution? and im new to this but I def have been watching and dont fully understand other than I know im missing out money
rufdymond
October 18, 2020 at 8:29 am
It does not matter what you do, people are always the weakest link in a security system……
John Single
October 18, 2020 at 1:05 pm
Was just about to put allot of money in robinhood now changed to someone else. No way.
Lincoln W Daniel
October 18, 2020 at 3:06 pm
Robinhood wasn’t hacked … Peoples’ Robinhood accounts were hacked. Those are very different things