Robinhood Clients Have Legal Rights Due to Hacking and Identity Theft

Stoltmann Law Offices, P.C. is evaluating cases for Robinhood clients whose personal identifying information or other confidential information that was exposed to a hacker according to a November 8 notice sent out by the company. The notice sent to clients stated that, on November 3, 2021:

“The unauthorized party socially engineered a customer support employee by phone and obtained access to certain customer support systems. At this time, we understand that the unauthorized party obtained a list of email addresses for approximately five million people, and full names for a different group of approximately two million people. We also believe that for a more limited number of people – approximately 310 in total – additional personal information, including name, date of birth, and zip code, was exposed, with a subset of approximately 10 customers having more extensive account details revealed. We are in the process of making appropriate disclosures to affected people.”

Robinhood clients impacted by this data breach could have viable claims for recovery if the victim can establish actual damages. If your credit has been compromised, if you have paid for credit monitoring, if you are the victim of a subsequent data breach that cost you money, you could have a viable claim for recovery. Stoltmann Law Offices is exploring all options to help victims of this data breach.

Robinhood’s business is based on providing clients services that are virtually exclusively offered online and through its mobile applications. With that business comes risk.  Hackers are constantly trying to infiltrate these online databases in order to obtain whatever information they can get. This threat is well known to Robinhood and has been highly publicized. A list of millions of phone numbers or email addresses is worth its weight in gold to hackers, who sell those lists to other hackers to run phishing and telemarketing scams. More sensitive information like dates of birth, account numbers, drivers license numbers, and social security numbers puts a client directly at risk of immediate identity theft and loss.  Although Robinhood claims only a small number of its clients’ very sensitive information was compromised in the hack, that is based on a preliminary review of the breach by Robinhood.

If you received a notice from Robinhood that your personal information was compromised in the November 3, 2021 hacking incident, and have suffered damages as a result of it, please contact Stoltmann Law Offices, P.C. at 312-332-4200 for a free, no-obligation initial consultation.  We are a contingency fee law firm which means we do not get paid until you do.

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