Security News > 2021 > April > Robinhood Warns Customers of Tax-Season Phishing Scams

Attackers have targeted customers of stock-trading broker Robinhood with a phishing campaign aimed to steal their credentials and spread malware using fake tax documents, the company has warned.

Robinhood, which aims to make it easy for people to trade stocks online but has faced a number of regulatory and legal challenges along the way, sent an email to customers Thursday warning of a phishing scam "That may have reached some of our customers."

For any current Robinhood customers who want to avoid falling victim to the phishing scams, the email recommended that people only download the company's mobile app from Google Play or the Apple App Store, and use only the app or Robinhood.com to access their accounts or access tax forms.

The company also encouraged customers to reach out to its support team directly from the Robinhood app or its website.

Robinhood customers made 473 complaints to the Federal Trade Commission in the first half of 2020-about four times more than competing online trading platforms-which drew regulatory scrutiny and prompted an investigation.

One of the chief complaints among Robinhood customers was that they couldn't reach the company for support, causing regulators like the Securities and Exchange Commission to become de facto customer support for the platform's customers.

News URL

https://threatpost.com/robinhood-warns-customers-of-tax-season-phishing-scams/165180/