When the world shut down and transitioned to virtual workplaces at the beginning of the pandemic, Zoom became one of the main platforms for personal and professional meetings. Zoom apparently saw this as an opportunity and gave user data to Facebook, LinkedIn and Google without the consent of users. They also allowed hackers to “Zoombomb” private meetings, going against their end-to-end encryption policy.
Zoom is now trying to settle for an $85 million fine that would provide users with a small cash settlement in exchange for the breach of their privacy. According to ARS Technica, the new class-action settlement applies to Zoom users nationwide, regardless of whether they used Zoom for free or paid for an account. If the settlement is approved by the court, “class members who paid for an account will be eligible to receive 15 percent of the money they paid to Zoom for their core Zoom Meetings subscription during that time [March 30, 2016, to July 30, 2021] or $25, whichever is greater,” the settlement said. “Class members who are not eligible to submit a Paid Subscription Claim may make a claim for $15. These amounts may be adjusted, pro rata, up or down, depending on claim volume, the amount of any fee and expense award, service payments to class representatives, taxes and tax expenses, and settlement administration expenses.”
With such a violation of privacy, $15 doesn’t seem like much. This news hasn’t been widespread amongst Zoom users and very few know about the data breach. Zoom has lacked transparency and integrity.
Here at Rownd, we believe customers should have power to control their own data. Regulations and industry standards are rapidly changing and privacy is becoming top of mind for most.
Interested in learning more about Rownd? Visit our website at rownd.io today!