Data Privacy,
Civil Litigation
Apr. 28, 2021
Robinhood security breach case moves forward
Robinhood has denied that it’s network was compromised. It’s maintained that the company is not liable because cyber criminals individually hacked the accounts of users by exploiting vulnerabilities in their login credentials.
A magistrate judge in San Francisco refused on Tuesday to dismiss a class action accusing online trading platform Robinhood of failing to maintain adequate security measures.
The judge found there may have been a security breach that allowed thousands of accounts to be hacked and looted.
Robinhood has denied that it's network was compromised. It's maintained that the company is not liable because c...
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