Standard Chartered CEO Bill Winters tell staff to stay off Zoom and Google Hangouts on cybersecurity concerns. YahooFinance
SINGAPORE/NEW YORK - Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic due to cybersecurity concerns, according to a memo seen by Reuters.
A Standard Chartered spokeswoman declined to comment on a Reuters query on the memo. She said cybersecurity remains a top priority and that staff can use several authorized tools for audio and video conferencing. Banks have particular worries about cybersecurity because of regulations that can penalize them for exposing customer information, even if inadvertently.
In a statement, Zoom said many global customers including financial firms, telecommunications companies, universities, and government agencies had performed"exhaustive security reviews" of its technology and chosen it as a service.
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