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Share Price: 705.50
Bid: 707.20
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Change: 0.50 (0.07%)
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Open: 706.50
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UPDATE 7-Zoom hires ex-Facebook security chief as Google bans desktop app

Wed, 08th Apr 2020 14:39

(Adds details from Berkeley school district incident, details
on Stamos pay)

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
as safety and privacy concerns about its fast-growing
video-conferencing app drive a global backlash against the
company.

That backlash includes a move on Wednesday by Alphabet Inc's
Google to ban the desktop version of Zoom from
corporate laptops.

In a stark illustration of Zoom's security issues,
officials at Berkeley High School in California said they
suspended use of the app after a "naked adult male using racial
slurs" intruded on what the school said was a password-protected
meeting on Zoom, according to a letter to parents seen by
Reuters.

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

A Berkeley school district spokeswoman said it was possible
a password had been shared, allowing the intrusion. But she
added that the entire district was putting Zoom on pause for at
least "a few days" to consider how to use and train for
video-conferencing.

Coronavirus lockdowns have driven a surge in Zoom usage,
even as concerns have grown over its lack of end-to-end
encryption of meeting sessions, routing of traffic through China
and "zoombombing," when uninvited guests crash meetings.

Zoom shares were up 3.8% in late trade on Wednesday after
shedding a third in value over the previous 10 days.

Zoom attracted users with its ease of use, as well as a 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 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. Stamos said on Twitter he would be a paid
consultant to Zoom.

Brent Stephens, superintendent of Berkeley Unified School
District, told Reuters the teacher involved in the Zoom incident
Tuesday had been trained on security measures and appeared to
have used them. But an imposter gained access to the waiting
room using a pseudonym close enough to a real name to trick the
teacher, who removed the intruder and reported the incident.

Stephens said the district was now evaluating whether a
competing product from Google, whose software the district uses
for other functions, could prevent similar incidents in the
future.

"Rather than shift from one platform to another, we wanted
to take a pause," Stephens said, "and not run the risk to
student safety."

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

To address security 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 Yuan on privacy issues.
The initial members include executives from VMware,
Netflix, Uber and Electronic Arts.

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,
Marguerita Choy abd Tom Brown)

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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
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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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