Zoom to enhance security as part of proposed U.S. settlement with FTC
By Susan Heavey and Nandita Bose WASHINGTON (Reuters) - 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 Trade Commission said on Monday. The FTC said in a statement that the company would face fines of up to $43,280 for each future violation under the agreement
By Susan Heavey and Nandita Bose
WASHINGTON (Reuters) - 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 Trade Commission said on Monday.
The FTC said in a statement that the company would face fines of up to $43,280 for each future violation under the agreement.
It said Zoom's misleading claims about offering users a secure channel of communication while offering a lower level of protection gave a false sense of security, especially for those who used the company's platform to discuss sensitive topics such as health and financial information.
"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, which has climbed sharply this year, skidded more than 11.6% in midday trading, to $442.
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 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 during the COVID-19 pandemic, the agency said.
The company has faced a backlash for failing to disclose that its service was not fully end-to-end encrypted, a method of securing communications so that only the sender and recipient can read the content. Zoom had said it planned to develop tools that would give meeting hosts more control and allow users to join a meeting securely.
(Reporting by Susan Heavey and Nadita Bose; Editing by Chizu Nomiyama, Richard Chang and Dan Grebler)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.