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Cybersecurity

After 7 million impacted in Robinhood data breach, experts offer some tips for amateur investors

Robinhood reported that the names of 2 million investors and the emails of another 5 million were accessed. Even if you weren't among those 7 million clients, there are valuable lessons, experts say.

Naomi Ludlow
USA TODAY

We're all experiencing breach fatigue.

Online retailers, utility companies and longstanding financial institutions have been targets in the past year, and this week it was Robinhood's turn.

The investment app reported a data breach this week, after the email addresss of about 5 million Robinhood investors and the full names of additional 2 million customers were exposed when the company was hacked. 

The online trading platform said that no Social Security numbers, bank account numbers or debit-card numbers were exposed and that customers have seen no financial losses because of the intrusion.

Unlike some previous attacks, Robinhood was hacked after one of the company's customer-service reps was duped into sharing information, but the results were the same: Personal information for about 5 million traders was up for grabs.