Zoom To Enhance Security As Part Of Proposed U.S. Settlement With FTC

Zoom Video Communications Inc must implement a new information security program as part of its proposed settlement with U.S. regulators over user privacy issues, the Federal Tr[ ][ ] reported in April that foreign intelligence agents have used video confrencing apps like Zoom to spy on Americans.
Three counterintelligence sources told Time Magazine that they had observed such acts from Russia, Iran and North Korea.
'More than anyone else, the Chinese are interested in what American companies are doing,' said one official.
Zoom has also been accused of censoring discussions, at the request of Chinese authorities, commemorating those who died during the 1989 Tiananmen Square protests.
The company admitted to shutting down commemorative Zoom meetings, suspending two activists' accounts, as well as the account for Humanitarian China. 
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And the most well-known Zoom security falter was the wave of 'zoom bombing' that hit in spring. 
In April, tử cấm thành bắc kinh racist hackers wearing blackface managed to crash a Zoom party that was held for African American students who attend the University of South Carolina
As recently as September, a meeting between Worcester Diocese were horrified when subjected to a barrage of offensive content while a voice repeatedly shouted 'motherf******.'
They were also urged to 'convert to Islam' before images showing four men engaging in a sex act also flashed up on their screen.   
'Zoom's security practices didn't line up with its promises,' said Andrew Smith, director of the FTC's Bureau of Consumer Protection.
The company's stock, kynghidongduong.vn which has climbed sharply this year, skidded more than 17 per cent in afternoon trading, to $413.24. 
Stocks tumbled in part because Pfizer revealed its COVID-19 vaccine is 90 percent effective.
Pfizer, which developed a vaccine with German drugmaker BioNTech, is the first to release successful data based on an interim analysis from a large-scale vaccine clinical trial.
Zoom, whose growth hinged on stay-at-home orders and remote working, took an especially notable hit.
A company spokeswoman said the security of its users is a top priority for Zoom. 'We have already addressed the issues identified by the FTC,' she said.
Zoom Video Communications Inc.'s  stock shares dropped on Monday after news of the company's settlement with the Federal Trade Commission was announced
The FTC voted 3-2 along party lines to approve the settlement. Democratic commissioner Rohit Chopra issued a dissenting statement saying the company's failures warrant serious action.
'The FTC's proposed settlement includes no help for affected parties, no money, and no other meaningful accountability,' he said.
Chopra further said the commission's order includes no findings of fact or liability and the investigation makes no significant conclusions.
Zoom has been a big beneficiary of the coronavirus lockdowns, with millions of workers and students using its video platform as they work and study from home.
 Its user base has risen from 10 million in December 2019 to 300 million in April 2020, the agency said.




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[ FTC Requires Zoom to Enhance its Security Practices as Part of Settlement | Federal Trade Commission]
[ Foreign Spies Target Zoom, U.S. Intel Officials Say | Time]



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