{"id":40706,"date":"2020-04-08T07:33:12","date_gmt":"2020-04-08T07:33:12","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=3d06110d3c5e98faddd0151a681a6b91"},"modified":"2020-04-08T07:33:12","modified_gmt":"2020-04-08T07:33:12","slug":"zoom-bombing-sends-zoom-stock-plummeting","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/zoom-bombing-sends-zoom-stock-plummeting\/","title":{"rendered":"\u201cZoom bombing\u201d sends Zoom stock plummeting"},"content":{"rendered":"


\n Sarah Brennan<\/a><\/span>
\n <\/span><\/p>\n

\n
\n
7 Apr, 2020<\/span><\/div>\n<\/p><\/div>\n<\/div>\n

\n<\/a><\/p>\n

\n

After an influx of new users pushed Zoom\u2019s market cap as high as $42 billion, its stock price has since dropped nearly 14.5% as of Monday, April 7. While the teleconference app faced a surge in popularity last month, it now faces concerns over its privacy and security<\/a>. Several major organizations and school systems across the nation have begun discouraging and, in many cases, outright banning Zoom.\u00a0<\/p>\n

The New York City Department of Education<\/a> is one of many school systems that\u2019s banned Zoom completely. The department oversees the country\u2019s largest public school system and has encouraged its staff members to move away from Zoom as soon as possible. The department suggested its staff members consider similar platforms, including Microsoft Teams.<\/p>\n

The New York City Department of Education isn\u2019t the only organization discouraging the app\u2019s use. In an email dated March 28, SpaceX told employees<\/a> it would disable access to Zoom immediately.\u00a0<\/p>\n

\u201cWe understand that many of us were using this tool for conferences and meeting support,\u201d SpaceX shared in the email. \u201cPlease use email, text or phone as alternate means of communication.\u201d<\/p>\n

The coronavirus outbreak has revealed a myriad of privacy and security issues for Zoom users. The most notable incidents have been \u201cZoom bombings,\u201d<\/a> in which uninvited attendees access Zoom meetings to harass participants. These bombings highlight an educational gap among users, as many are using online meeting software for the first time.\u00a0<\/p>\n

The unaware users were leaving their meeting open to bombers by posting their meeting IDs in public areas and faking to password protect their meetings. Unfortunately, Zoom\u2019s meeting ID format appears to worsen user errors, as researchers found that hackers could use an automated tool to find unprotected meetings and essentially \u201cwar dial\u201d Zoom meetings.\u00a0<\/p>\n

In a recent statement<\/a>, Eric Yuan, CEO of Zoom said the company \u201ctakes user privacy, security, and trust extremely seriously\u201d and is \u201cworking around-the-clock\u201d to improve user security. Yuan also said, \u201cWe recognize that we have fallen short of the community\u2019s \u2014 and our own \u2014 privacy and security expectations.\u201d <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Sarah Brennan<\/p>\n

7 Apr, 2020 <\/p>\n

After an influx of new users pushed Zoom\u2019s market cap as high as $42 billion, its stock price has since dropped nearly 14.5% as of Monday, April 7. While the teleconference app faced a surge in …<\/p>\n","protected":false},"author":641,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40706","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/641"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=40706"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40706\/revisions"}],"predecessor-version":[{"id":40707,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40706\/revisions\/40707"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=40706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=40706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=40706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}