Robinhood Financial agreed to a settlement in a class-action lawsuit for negligence related to a 2020 data breach, Barron’s reports. The data breach reportedly exposed thousands of customers’ personal and financial information to hackers. The settlement could be upward of $20 million, according to court filings from the investors who brought the complaint against Robinhood, a trading mobile application. Customers could be entitled to $260 each and two years of credit monitoring and identity theft protection.
13 July 2022
Robinhood settles class-action lawsuit related to data breach
Related stories
Notes from the IAPP Canada: Are good intentions enough to stay on top of potential data breaches?
A view from DC: Can consumer protection enforcement unduly burden AI innovation?
CPPA Board finalizes long-awaited ADMT, cyber audit, risk assessment rules
A view from Brussels: Will the Data Union Strategy finally lead to the European data single market?
Notes from the Asia-Pacific region: OPC releases inquiry report on FRT trial