It’s no secret Joe Biden and the IRS want access to every American’s private financial data.
When they know how you spend your money, they know it could be the key to punish their political opponents into submission.
So the weaponized goons at the Biden IRS are tickled pink after hackers exploited this company’s gigantic mistake.
Government loves so-called “black hat” hackers who target personal data.
Because when the government catches them, government agents often end up with access to data they couldn’t have gotten otherwise without jumping through troublesome legal hoops like oh say due process.
As you might imagine, private financial data is a huge target for hackers.
And it’s one that’s gotten much much bigger after the financial crash of 2008 was a huge wakeup call for many.
It spurred little-guy investors to learn about finance and get in the market in a much bigger way.
Unfortunately, many of those folks found their way to one retail investing company, Robinhood and its trading app where hackers just found a gigantic mistake to exploit.
Robinhood grew in popularity as an avenue for retail investors to trade stocks without paying commissions but quickly lost credibility with much of its core base.
And now Robinhood is being tested again after a data breach that exposed its customers to privacy violations.
“Robinhoood was hacked last week by someone who socially engineered a customer service representative to gain access to the email addresses of more than 5 million customers, the full names of 2 million other customers, and other data from a much smaller group of customers, the company said in a blog post published Monday. The hacker then allegedly attempted to extort the company.”
The company says the breach has been contained, but not before the hackers could get a treasure trove of personal data.
Robinhood said in a statement:
“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 fell in favor with many retail investors in the wake of the “GameStonk” saga.
Thousands of retail investors caught wind of big hedge funds shorting stock for GameStop; fund managers were even appearing on establishment financial networks like CNBC to offer grim outlooks for the brick-and-mortar video game store.
Retail investors banded together to execute a short squeeze, i.e. driving up the price of GameStop to punish the hedge funds that bet big on the store’s demise.
The short squeeze caused major disruption in the market for some big financial institutions, and the corporate-controlled press moved in lockstep to denounce the retail investors.
Late night comedy shill Jimmy Kimmel even suggested they were Russian operatives.
For their role in the episode, Robinhood shut down trading on the app to halt investors from buying up GameStop shares and sending the stock price “to the moon.”
Robinhood’s move was seen as a blatant betrayal of its little-guy investors in support of the big financial institutions.
Robinhood’s major data breach is only going to further tarnish the brand and there’s no telling where Americans whose data was exposed could wind up.
But you have to wonder exactly who the select Robinhood users who had “more extensive account details revealed” are and what legal proceedings they may have already been targeted in.
Stay tuned to Unmuzzled News for any updates to this ongoing story.