Zoom has become the most popular download in covid times. The video conferencing app was helping hackers to leak the passwords and hijack the video sessions in between. This, if happens to banks and finance companies, can pose a significant and higher risk as these institutions may lose valuable data and information.
If we see the last few bugs in Zoom, it was possible for the attacker to guess meeting ID and be a participant in the unprotected meetings. It was hence possible to get hold of private audios and videos and documents. The latest breach was more about privacy disclosure. It was possible for administrators to see location and device related data. These tools pose 2 major risks for banks and financial institutions.
SECURITY RISK
The security risk includes malware infection, identity theft and data leakage. Lack of user authentication may allow intruders to come in.
PRIVACY RISK
This story is from the September 2020 edition of Banking Frontiers.
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This story is from the September 2020 edition of Banking Frontiers.
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