Robinhood account breaches
Starting on investing, and saw recent news about hackers on brokerage accounts. Any thoughts? Does it influence the amount you put into these accounts?
Any recs for more secure platforms?
Trending Content
| +630 | Xxxxxxxxxxxxxx | 20 | 4d | |
| +54 | I Burned Out But I'm Better Now... Avoid The Top 6 Mistakes I Made During My First 2 Months As a Private Equity Analyst | 11 | 2d | |
| +42 | In Light of BofA Events Remember What's Important In Life | 0 | 2d | |
| +34 | Did someone hack WSO on LinkedIn? | 12 | 17h | |
| +31 | Is anyone surprised by how much you don’t know? | 9 | 8h | |
| +31 | Best Golf Trip locations | 25 | 22h | |
| +30 | Take Some Time to Smell the Roses… | 1 | 5d | |
| +19 | Firms with a strong Physical fitness culture | 9 | 1d | |
| +19 | Footy in NYC this summer | 1 | 16h | |
| +16 | Thoughts on Stifel’s Sex Scandal? | 11 | 20h |
Career Resources
I use my own banks trading platform. their security is very good. Personally, I wouldn't put several 100K into an app.
https://www.zerohedge.com/markets/i-dont-really-trust-them-2000-robinho…
apparently ca. 2,000 accounts hacked and siphoned, according to interviews and the internet these users had 2FA enabled...
According to bloomberg the hackers used fabricated IDs to get access, so they don't check IDs.. wonderful.
https://www.bloomberg.com/news/articles/2020-10-15/robinhood-estimates-…
Would think any of the larger platforms would safe: eTrade (owned by Morgan Stanley) / Morgan Stanley / Ameritrade (Charles Schwab) / Charles Schwab / Fidelity / Merill
No reason to step outside that core group given fees have been brought down to 0 on all for US stock trades (and they're pretty low elsewhere anyway)
Why the hell would anyone get Robinhood anyway? It's only linked to a couple exchanges, a TON of stocks can't even be bought thru that portal. And honestly unless you work in ER / AM / HF you shouldn't be buying individual stocks anyway, IMO let an active manager do it but you feel strongly about passive then index / ETF
Rise of Robinhood is how you get morons who buy Hertz when it's bankrupt, Hertz raises cash from idiots, and the individual investor loses everything
Agreed.
Placeat cum ut nesciunt maiores dolores et veritatis. Et rerum sunt possimus quisquam eos consequatur rem. Molestiae aspernatur distinctio quia ut. Aut qui quis voluptas ea odit. Aut voluptatem similique aut. Et et vel eius. Maiores nostrum doloribus fuga qui cum consequatur id.
Libero eius aliquam dicta et eaque sunt atque tempora. Dolorem voluptas error doloremque. Voluptas sapiente veritatis facilis voluptas voluptas autem. In ad quidem magnam et.
Non nam laborum at ut sapiente. Blanditiis voluptas hic repellendus velit rerum modi. Et dignissimos omnis voluptatum. Incidunt ratione dolore id iure. Itaque in et deserunt aut nobis sapiente temporibus. Pariatur quisquam autem autem sunt quam necessitatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...