Robinhood settlement over alleged 2020 data breach gets preliminary US approval

By Michael Acton ( August 30, 2022, 20:25 GMT | Insight) -- Robinhood will pay $500,000 and provide credit monitoring and identity theft services to class members suing it over an alleged 2020 data breach, according to a settlement that has received preliminary approval from a US judge. A proposed class of thousands of users claimed the trading platform breached California’s Consumer Privacy Act with substandard security practices that led to millions of dollars being temporarily siphoned from user accounts — some of which was never returned.Robinhood will pay $500,000 and provide credit monitoring and identity theft services to class members suing it over an alleged 2020 data breach, according to a settlement that has received preliminary approval from the California federal judge overseeing the case....

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Robinhood settlement over alleged 2020 data breach gets preliminary US approval

Prepare for tomorrow’s regulatory change, today

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