Zoom lost an $85 million class-action lawsuit this week for its cybersecurity missteps. The video-conferencing platform s exploding user base also drew attention to security, with many wondering just how secure the app really was. By April 2020, Zoom reported a 326 percent spike in sales, and Zoom CEO Eric Yuan announced last March the company is still anticipating a 40-percent increase in sales in 2021. The company will also have to shell out about $21 million in legal fees, according to the ruling.
Source: https://threatpost.com/zoom-settlement-85m-security-investment/168445/