Storing your Password in Plaintext…Say What????

Stock trading company Robinhood has admitted to storing passwords of some of its users in plaintext. The California-based firm said that it came across this security lapse on Monday this week. In an email, it informed affected users of the incident. Robinhood goes on to mention that the issue was resolved and it found no instances of accounts being accessed by outsiders. However, no technical details have been provided by the company.