SINGAPORE/NEW YORK (Reuters) – Standard Chartered Plc (STAN.L) is the first major global bank to tell employees not to use Zoom Video Communications Inc (ZM.O) during the coronavirus pandemic due to cybersecurity concerns, according to a memo seen by Reuters.
A 3D printed Zoom logo is placed on the keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration
The message, sent by Chief Executive Officer Bill Winters to managers last week, also warned against using Alphabet Inc’s (GOOGL.O) Google Hangouts platform for virtual gatherings.
Neither service offers the level of encryption of conversations that rivals like Cisco System Inc’s (CSCO.O) Webex, Microsoft Corp’s (MSFT.O) Teams or Blue Jeans Network Inc do, industry experts said.
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.
The…
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