Stock Trading Service Robinhood Admits To Storing Some Passwords in Cleartext

Stock trading service Robinhood has admitted this week to storing some customers’ passwords in cleartext, according to emails the company has been sending to impacted customers. From a report: “On Monday night, we discovered that some user credentials were stored in a readable format within our internal system,” the company said. “We resolved the issue, and after thorough review, found no evidence that this information was accessed by anyone outside our response team.” Robinhood is now resetting passwords out of an abundance of caution, despite not finding any evidence of abuse. A company spokesperson told ZDNet via phone call that not all Robinhood users were impacted, but could not reveal the exact number.

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