Stock trading app Robinhood says user passwords were readable on internal systems

[InfoSec News <alerts () infosecnews org>]

https://www.cyberscoop.com/robinhood-passwords-internal-system/

By Greg Otto
CYBERSCOOP
July 24, 2019

Stock trading service Robinhood sent an email to users Wednesday informing them 
that user credentials were stored in an insecure format inside the company’s 
internal systems.

According to the email obtained by CyberScoop, the problem was discovered 
Monday night by the company’s security team.

“We resolved this issue, and after thorough review, found no evidence that this 
information was accessed by anyone outside of our response team,” the email 
reads.

A Robinhood spokesperson told CyberScoop that the company has no evidence 
users’ information was accessed, or that the issue meant user information was 
breached.

[...]

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