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Roku (ROKU) has announced a data breach in which hackers gained access to 567,000 streaming accounts — the streaming company's second security incident this year. Yahoo Finance reporter Dan Howley joins Wealth! to discuss how the breach affects Roku and its consumers.

Howley explains Roku's first breach of the year involved 15,000 Roku users and was executed via a "credential stuffing" method, wherein passwords from separate accounts matched users' Roku credentials. After the incident, a Roku investigation showed that hackers had accessed an additional 567,000 accounts using the same technique. Roku is mitigating the breach by resetting passwords for the hacked accounts, but states that no sensitive information was stolen.

Howley adds that it behooves consumers to use two-factor authentication to reduce the risk of security violations.

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This article was written by Gabriel Roy