Credit: Askar/Adobe StockStock Trading App Robinhood Hit With Privacy Class Action 1 Month After Alleged Data Breach
Plaintiffs are seeking $5 million in damages.
November 26, 2024 at 01:59 PM
3 minute read
What You Need to Know
- Robinhood has been hit with a proposed class action accusing the stock trading app of failing to enforce appropriate cybersecurity guardrails prior to an October cyberattack.
- According to the complaint, the personal information compromised in the data breach included Social Security numbers.
- Robinhood claims that the cyberattack did not happen and that the plaintiffs are alluding to a separate 2021 data security incident.
Stock trading platform Robinhood Markets Inc. was slapped with a proposed data privacy class action just one month after a cyberattack allegedly exposed the personally identifying information of millions of Robinhood users.
Plaintiffs are seeking $5 million in damages.
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