Security Newsletter

20 April 2020

Zoom Caught in Cybersecurity Debate — Here's Everything You Need To Know

Over the past few weeks, the use of Zoom video conferencing software has exploded ever since it emerged the platform of choice to host everything from cabinet meetings to yoga classes amidst the ongoing coronavirus outbreak and work from home became the new normal.

Zoom's rapid sudden ascendance as a critical communications service has led to it drowning in a sea of privacy and security flaws. But is Zoom a malware? As the Guardian reported, some experts believe so. But no, Zoom is not malware. Rather, it's a piece of legitimate software that's, unfortunately, just full of security vulnerabilities and we're just now getting to know about it as the app was never scrutinized this thoroughly before

To give credit where it's due, Zoom largely responded to these disclosures swiftly and transparently, and it has already patched a number of issues highlighted by the security community.

 

Gambling company to set aside $30 million to deal with cyber-attack fallout

Online betting company SBTech will have to place $30 million in escrow as insurance for covering the fallout from a cybersecurity incident that took place last month. The company agreed to do so as part of re-negotiated acquisition terms with Diamond Eagle Acquisition Corporation (DEAC), a blank-check company that acquired SBTech and rival platform DraftKings and is planning on merging the two later this year.

The funds will be used to deal with any expenses caused by a "cybersecurity incident" that took place on March 27. The SBTech was down for almost a week before it resumed service with international partners, but not with its US customers. The company is still waiting for approval from US gambling regulators before returning service to US partners.

 

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Kindred Group in brief

Kindred is one of the largest online gambling companies in the world with a diverse team of 1,600 people serving over 26 million customers across Europe, Australia and the US. We offer pre-game and live Sports betting, Poker, Casino and Games through 11 brands across our markets. We are committed to offer our customers the best deal and user experience possible, while ensuring a safe and fair gambling environment. Kindred is a pioneer in the online gambling industry and is an innovation driven company that builds on trust.