Tech Tea, Top Headlines 11/09/2020: Zoom Settles With The FTC

Zoom settles with FTC after making ‘deceptive’ security claims

“The Federal Trade Commission has announced a settlement with Zoom,  after it accused the video calling giant of engaging in “a series of deceptive and unfair practices that undermined the security of its users,” in part by claiming the encryption was stronger than it actually was.”

Apple freezes new business for Pegatron on China labor abuse

“Apple Inc. suspended new business with iPhone assembler Pegatron Corp. after discovering labor violations at a student workers’ program, taking strong action to clean up a Chinese-based production chain long accused of worker abuse.”

Zoom and other ‘stay-at-home’ stocks got crushed on the positive vaccine news

“Shares of Zoom fell sharply Monday as names benefitting from people staying at home due to the coronavirus pandemic lost their appeal following the release of positive coronavirus vaccine data.”

Facial Recognition Company’s Employees Abused Tech To Sexually Harass Coworkers

“Someone wants to out-evil Clearview. Now, there are a lot of questionable facial recognition tech vendors but most have decided to cede “most hated” to Clearview. But another startup thinks it should generate as much ill will as possible before securing prominent marketplace status.”

SoftBank slashes its board membership as firm returns to profit

“Japan’s massive SoftBank Group—one of the biggest tech investors on the planet—has made a few significant announcements after reporting its July-September quarter results. The company, run by chief executive Masayoshi Son, was once the darling of the tech investment world thanks to its $100 billion Vision Fund. However, SoftBank took a beating last year after a number of bad investments went south—notably its investment in WeWork.”

FBI: Hackers stole source code from US government agencies and private companies

“The Federal Bureau of Investigation has sent out a security alert warning that threat actors are abusing misconfigured SonarQube applications to access and steal source code repositories from US government agencies and private businesses.”

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