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Share Price: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.50 (0.07%)
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Open: 706.50
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UPDATE 6-Zoom hires former Facebook security chief as Google bans desktop app

Wed, 08th Apr 2020 14:39

(Adds Google's ban, Berkeley High School suspension of app and
comments, background, updates share price)

By Supantha Mukherjee, Akanksha Rana and Stephen Nellis

April 8 (Reuters) - Zoom Video Communications Inc has
tapped former Facebook security chief Alex Stamos as an adviser
to improve the privacy and security of its rapidly growing
video-conferencing app amid a global backlash, including a move
by Alphabet Inc's Google to ban the desktop version of
Zoom from corporate laptops.

At about the same time, officials at California's Berkeley
High School said they suspended the use of Zoom after a "naked
adult male using racial slurs" intruded on what the school said
was a password-protected meeting, according to a letter to
parents seen by Reuters.

A school district spokeswoman said it was possible that a
password had been shared, allowing the intrusion, but that the
entire Berkeley school district was pausing for at least "a few
days" Zoom to consider how to use and train for
videoconferencing.

Coronavirus lockdowns led to surging use of Zoom this year,
but in recent weeks concerns rose about the lack of end-to-end
encryption of meeting sessions, routing of traffic through China
and "zoombombing," where uninvited guests crashed meetings.

Zoom shares were up 3.8% in late trade on Wednesday. They
had crashed by a third in the past 10 days.

Zoom attracted users with its ease of use, as well as free
offering. Many schools around the world also started using it
for online classes.

In a series of tweets https://twitter.com/alexstamos/status/1245197038083428352a
in late March, Stamos called on Zoom to be more transparent and
roll out a 30-day security plan. That led to a call from the
platform's founder and chief executive officer, Eric Yuan,
asking him to weigh in as an outside consultant.

"Zoom has some important work to do in core application
security, cryptographic design and infrastructure security, and
I'm looking forward to working with Zoom's engineering teams on
those projects," Stamos, now an adjunct professor at Stanford
University, wrote in a blog post https://medium.com/@alexstamos/working-on-security-and-safety-with-zoom-2f61f197cb34
on Wednesday.

Taiwan and Germany have put restrictions on its use, while
Elon Musk's SpaceX has banned the app over security concerns.
The company has also been slapped with a class-action lawsuit.

On Wednesday, Google, which has a competing product, said it
was taking Zoom off workers' computers because of security
concerns. A Google spokesman said that employees could still use
the mobile and browser-based versions of Zoom.

"It would be in Zoom's best interests to conduct a full
scale investigation into the security lapses and provide a
report of whether or not the lapses led to an actual
compromise," said Theresa Payton, a former White House Chief
Information Officer and currently CEO of Fortalice Solutions.

To address the concerns, Zoom has embarked on a 90-day plan
https://blog.zoom.us/wordpress/2020/04/08/update-on-zoom-90-day-plan-to-bolster-key-privacy-and-security-initiatives
and has formed a CISO Council, which includes chief information
security officers of HSBC, NTT Data, Procore
and Ellie Mae, to discuss about privacy, security and
technology issues.

It has also set up a board to advise CEO Yuan on privacy
issues. The initial members include executives from VMware
, Netflix, Uber and Electronic Arts
.

"I would think, however, that whatever issues Mr Stamos and
advisory board identify will take more than 90 days to fix,
revise, or change in the network," said Summit Insights Group
analyst Jonathan Kees.

Zoom, which competes with Microsoft's Teams and
Cisco's Webex, has seen daily users jump to 200 million
from 10 million and the stock surged to a record high in March.

(Reporting by Akanksha Rana and Supantha Mukherjee in
Bengaluru, Stephen Nellis in San Francisco; Additional reporting
to Raphael Satter in Washington; Editing by Peter Henderson and
Marguerita Choy)

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UK dividends calendar - next 7 days

Friday 3 May 
Anglo American PLCdividend payment date
Beazley PLCdividend payment date
BP Marsh & Partners PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
CT UK High Income Trust PLC - Class Bdividend payment date
European Smaller Cos Trust PLCdividend payment date
Glanbia PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
i3 Energy PLCdividend payment date
Marble Point Loan Financing Ltddividend payment date
Maven Income & Growth VCT 3 PLCdividend payment date
Maven Income & Growth VCT 5 PLCdividend payment date
North American Income Trust PLCdividend payment date
Pearson PLCdividend payment date
Segro PLCdividend payment date
Synectics PLCdividend payment date
TwentyFour Income Fund Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Begbies Traynor Group PLCdividend payment date
Ferguson PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
Mobius Investment Trust PLCdividend payment date
Nexus Infrastructure PLCdividend payment date
Pebble Group PLCdividend payment date
Pinewood Technologies Group PLCspecial dividend payment date
Thungela Resources Ltddividend payment date
Volution Group PLCdividend payment date
Wednesday 8 May 
Melrose Industries PLCdividend payment date
Personal Group Holdings PLCdividend payment date
Thursday 9 May 
Admiral Group PLCex-dividend payment date
AG Barr PLCex-dividend payment date
Aurora Investment Trust PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Bank of Ireland Group PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
Braime Group PLCex-dividend payment date
Centaur Media PLCex-dividend payment date
Chenavari Toro Income Fund Ltdex-dividend payment date
Clarkson PLCex-dividend payment date
Coca-Cola Europacific Partners PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
CVC Income & Growth Ltd EUROex-dividend payment date
CVC Income & Growth Ltd GBPex-dividend payment date
Domino's Pizza Group PLCdividend payment date
Epwin Group PLCex-dividend payment date
F&C Investment Trust PLCdividend payment date
Fidelity Special Values PLCex-dividend payment date
Focusrite PLCex-dividend payment date
Grafton Group PLCdividend payment date
Gresham Technologies PLCex-dividend payment date
Headlam Group PLCex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
Ibstock PLCex-dividend payment date
Invesco Perpetual UK Smaller Cos Investment Trust PLCex-dividend payment date
JPMorgan Global Core Real Assets Ltdex-dividend payment date
Lancashire Holdings Ltdex-dividend payment date
LSL Property Services PLCex-dividend payment date
M&C Saatchi PLCex-dividend payment date
M&G PLCdividend payment date
Macfarlane Group PLCex-dividend payment date
Marwyn Value Investors Ltdex-dividend payment date
Midwich Group PLCex-dividend payment date
Montanaro UK Smaller Cos Investments Trust PLCdividend payment date
Octopus Titan VCT PLCex-dividend payment date
One Media iP Group PLCex-dividend payment date
Petershill Partners PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Reach PLCex-dividend payment date
Sherborne Investors Guernsey C Ltdex-dividend payment date
Sthree PLCex-dividend payment date
Sylvania Platinum Ltdex-dividend payment date
Taylor Maritime Investments Ltdex-dividend payment date
Tracsis PLCex-dividend payment date
Travis Perkins PLCdividend payment date
UIL Ltdex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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*

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*

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