Friday, February 3, 2023
HomeTechZoom sued for privacy and security flaws by shareholder

Zoom sued for privacy and security flaws by shareholder

The video conferencing app was accused of unauthorised disclosure of private information to third parties & hiding the truth about flaws in the software encryption.

Text Size:

San Francisco: Zoom Video Communications Inc. was sued by a shareholder and accused of fraud amid mounting security concerns over the popular video-conferencing app.

In a complaint filed Tuesday in San Francisco federal court, the company and its top officers were accused of concealing the truth about shortcomings in the app’s software encryption, including its alleged vulnerability to hackers, as well as the unauthorized disclosure of personal information to third parties including Facebook Inc.

Investor Michael Drieu, who filed the suit as a class action, claims a series of public revelations about the app’s deficiencies starting last year have dented Zoom’s stock price — though the shares are still up 67% this year as investors bet that the teleconferencing company would be one of the rare winners from the coronavirus pandemic.

Zoom Chief Executive Officer Eric Yuan has apologized for the lapses, acknowledging in a blog post last week that the company had fallen short of expectations over privacy and security.-Bloomberg

Also read: Yes, Zoom messed up, but it’s really not the villain


Subscribe to our channels on YouTube & Telegram

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

Most Popular