By: Jerry Horton, Technology Director
Earlier this month, an estimated 2,000 people who use the popular Robinhood stock-trading app had their accounts hacked and looted. Hackers infiltrated trading information, trading account numbers, and bank account numbers.
A New York college student who uses the app said it took just minutes for $4,020 to disappear from his bank account. Another victim in Chicago said she woke up to alerts that her investments were being sold and discovered she was locked out of her account.
Robinhood claims the attack did not stem from a breach of their systems, but was due to compromised email accounts. Because the FTC and SEC will likely weigh in, we don’t have all the details on this breach just yet. We do know that Robinhood is advising clients to step up their account security. Let’s take a look at how each of us should be securing all of our digital accounts to protect ourselves from a cyber-attack.
Cyber hygiene refers to steps taken to improve cybersecurity and prevent common threats. Here are a few of those key steps that will help strengthen your defenses online.