Zoom wants to wipe out old privacy lies with a fine of $18 million
- November 29, 2024
- 0
Zoom lied about the encryption it used in 2020 and now wants to mitigate the consequences in the US with a settlement of $18 million. Zoom will pay
Zoom lied about the encryption it used in 2020 and now wants to mitigate the consequences in the US with a settlement of $18 million.
Zoom will pay $18 million to the US Securities and Exchange Commission to settle an encryption case. This dates back to the start of the coronavirus pandemic and relates to false claims made by the video chat company at the time.
In 2020, Covid single-handedly put Zoom on the map. The company was able to capitalize on the need for a digital connection like no other, leaving existing solutions such as Skype far behind. Fast growth was a priority, security less so. Still, Zoom claimed that video calls through its platform are end-to-end encrypted. Only: That wasn’t true.
Several settlements
The false claim led to a lawsuit in which Zoom settled for $85 million. However, a second investigation into the company’s privacy policy is ongoing in the US in 2020, initiated by the US Securities and Exchange Commission (SEK). Bloomberg knows that Zoom would also like to buy this company for $18 million.
Zoom’s proposal to the SEC would be attractive, but it still needs to be officially approved.
Source: IT Daily
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