Zoom Faces New Security Threats — But One Old Issue Still Costs $150M

Court: N.D. California

Case: 3:20-cv-02353

Zoom ZM is back in the cybersecurity spotlight after reports that hackers are sending fake Zoom invites targeting university email accounts.

These phishing emails mimic official Zoom messages and contain malware links that give attackers full access to devices.

The scam has already reached institutions like the University at Buffalo and highlights ongoing concerns about how Zoom communications can be exploited.

This isn’t the first time Zoom’s security practices have come under fire — and it’s still paying the price. In 2023, the company agreed to a $150M settlement with investors who claimed Zoom misled them about its encryption and shared personal data without proper disclosure.

• Jul 2019 – Reports surface about weak encryption and security flaws
• Mar 26–27, 2020 – News reveals data-sharing with third parties like Facebook
• ZM drops nearly 20%
• May 2020 – Investors file lawsuit over misleading encryption claims
• Jul 2023 – Zoom settles for $150M

If you bought ZM shares around these events, you may still be eligible to claim part of the $150M settlement.

You can check more information about the settlement and file for a payout HERE.