Zoom Offers $18 Million to Settle SEC Privacy Probe From 2020

Zoom Communications Inc. has offered $18 million to settle a four-year-old US Securities and Exchange Commission probe related to its privacy policies and communications.

In the most recent quarter, the company recorded an $18 million expense for a “tentative settlement offer” with the financial regulator, Zoom disclosed Tuesday in a filing. A company spokesperson said the proposal still requires SEC approval.

The SEC first began investigatingZoom’s privacy policies, encryption and calculation of usage metrics in 2020. At the time, the company’s videoconferencing tool had catapulted to become a piece of essential communications infrastructure for Americans working from home ...