Key insights
- A Robinhood user reports suspicious activity, including a potential password reset scam, shortly after updating their account information. This raises concerns about a possible data breach or insider threat at Robinhood, potentially impacting user trust and leading to increased regulatory scrutiny. The negative impact on US equities is moderate, reflecting potential reputational damage to a popular brokerage platform.
So I opened a robinhood account back in Feb 2021 to get the free stock they were giving away, cause why not? But outside of that free stock and transferring in a $1 that same day, I have not logged into the account. Fast forward to this week monday when I decided to check it out again. I updated my home address, added security questions, and verified some info. The goal was to secure the account since I planned on transferring a few $100 in just to play with (luckily I haven't yet). I did have to open a support to get my address updated because they wouldn't take it through the app.
It is now one day later and I just got a text message that claims to be Robinhood that someone is attempting to reset my password and that I should give them a call at a number that I cannot find on Google or see associated with them.
The timing is way too suspicious between me becoming active on the app again and me getting a potential scam texts.
Anyone else seen something similar?