On Thursday the 21st of April, a lawsuit settlement agreement that will see Zoom Video Communications pay out $85 million in cash compensation was officially passed. Have you been a victim of Zoombombing? If so, now might be time to cash in.
Zoom Agrees to Settle in ‘Ground Breaking’ Case While this move is part of a growing effort from Zoom to ensure its users are safe and protected, for the many victims of Zoombombing – some of which report being left traumatized by the events – it's likely that the damage has already been done. In a bid to rectify these instances, last week the video conferencing company agreed to pay out $85 million to users who were impacted by the hijacks. Tesla to pay $1.As Zoom's userbase skyrocketed in the wake of the Covid-19 pandemic, so did instances of “Zoombombing” – the practice which saw uninvited guests crash virtual meetings.
Zoom acquires cloud call center firm Five9 in an all-cash deal worth $14.7 billion.But the company says that the user growth could slow or decline as more people get vaccines and return to work or school in person. It had 497,000 customers with more than 10 employees in April 2021, a substantial increase from 81,900 in January 2020. The usage of Zoom surged during the COVID-19 pandemic as companies and companies, schools, and colleges opted for online meetings instead of in-person conduct. They intend to seek up to $21.25 million for legal fees. Though Zoom collected about $1.3 billion in Zoom Meetings subscriptions from class members, the plaintiffs’ lawyers called the $85 million settlement reasonable given the litigation risks. District Judge Lucy Koh in San Jose, California.Īs for the compensation, the subscribers of the platform in the proposed class action would be eligible for 15% refunds on their core subscriptions or $25, whichever is larger while others could receive up to $15.Īpart from monetary compensation, Zoom has also agreed to security measures including alerting users when meeting hosts or other participants use third-party apps in meetings and providing specialized training to employees on privacy and data handling. A preliminary settlement still requires approval by U.S. In the settlement agreement, the company denied wrongdoing. It also talked about letting hackers disrupt Zoom meetings in a practice called “Zoombombing”, reports Reuters. The lawsuit alleged that the platform shared users’ personal data with Facebook, Google, and LinkedIn. Zoom Video Communications, the company behind the popular Zoom platform, has agreed to pay $85 million and improve its security practices to settle a lawsuit that claimed that the company violated users’ privacy rights.
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