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Robinhood Reveals Error That Left User Passwords Exposed

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Commission-free stock trading startup Robinhood instructed some users to change their passwords on Wednesday, after discovering a logging error that left some customer credentials vulnerable, according to a company email.

“On Monday night, we discovered that some user credentials were stored in a readable format within our internal systems,” said the email seen by Reuters. The issue has been resolved, the firm said.

Robinhood, based in Menlo Park, California, said it found no evidence that the information was improperly accessed. The company declined to say how many users were affected.

“We take our responsibility to customers seriously and place an immense focus on working to ensure their information is secure,” spokesman Dan Mahoney said in a statement.

Lawmakers have been calling for stricter legislation to protect sensitive consumer data following high profile breaches at companies including Equifax and American Express.

Equifax has agreed to pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers.

Robinhood’s commission-free stock trading app is gaining popularity among young consumers. It is one of several young companies aiming to compete with traditional financial institutions by offering cheaper and more user friendly digital services.

© Thomson Reuters 2019

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“Hey, Facebook” wake word lands on Oculus Quest 2 and Portal

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Almost all the Big Tech companies have smart assistants these days except for Facebook. There have been rumors and signs that the social media giant would be coming out with its own but nothing has materialized so far. It might, however, be taking another step in that direction by pushing its own trigger phrase to activate voice commands not only … Continue reading

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Android Sleep API to make sleep tracking apps more efficient

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There has been perhaps an overabundance of focus on activity trackers, most of them targeting, well, activities. While movement and exercise are, of course, important, they aren’t the only measures of a healthy lifestyle. Sleep is just as important, perhaps even more so these days. In an effort to help app developers and, consequently, users develop better sleeping habits, Google … Continue reading

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OPPO X 2021 rollable phone details revealed at MWC Shanghai

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While the fate of the LG Rollable is still undecided, OPPO’s own take on the rather exotic phone form factor is, at least officially, not headed to the market. Ironically, it is also the one that seems to actually be ready for production. At MWC Shanghai, OPPO naturally didn’t miss the opportunity to boast about its rollable OPPO X1 2021 … Continue reading

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