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Here Are This Weeks Top Stories:1. Collaboration: Zooms Stock Is Skyrocketing But Is It Secure? 2. Security: Healthcare Hit By COVID-19 Cyber Attack 3. IT Strategy: Washington Signs Facial Tech Into Law Zoom's Stock Is Skyrocketing But Is It Secure?

Even as Zoom's active user count scales everyday with U.S. volumes touching 4.84 million on Monday, concerns around the solutions's security credentials have risen significantly. Elon Musk founded SpaceX shunned the videoconferencing app, citing significant privacy and security concerns. New York's Attorney General wrote to Zoom about its ability to secure massive workloads.

Big Picture: While stock is soaring for Zoom amid a global meltdown, the lack of end-to-end encryption will impact user growth. "It is not possible to enable E2E encryption for Zoom video meetings", Zoom spokesperson reportedly shared with The Intercept. Even though Zoom secures audio and video meetings using TCP and UDP connections, it can access unencrypted video and audio content of meetings. Another downsize Zoom sells user data to advertisers for targeted marketing.

Our Take: Considering that NASA has prohibited its employees from using Zoom and the FBI has observed instances of people invading school sessions on the service, organizations need to prevent employees from sharing links to team meetings publicly. Alternatively, organizations can also try other video conferencing services that boast better security features.

The coronavirus epidemic is weighing heavily on the security sector with a record spike in COVID-19 themed cyberattacks. In fact, the healthcare industry on the frontlines of the epidemic is facing a record surge of cyber attacks. As per reports, hackers targeted U.K. based Hammersmith Medicines Research, the test center preparing to perform medical trials on prospective COVID-19 vaccines. The test center was hit by a cyber attack on March 14 when hackers attempted to breach the system. Reports indicate some data was stolen and posted online for ransom. Additionally, Security researchers from Nokia's Threat Intelligence Lab uncovered a powerful malware disguised as a "coronavirus map" application that infects Windows computers and is disguised as software from John Hopkins University.

Big Picture: The coronavirus epidemic has become the new attack vector for cyber criminals who have jumped on the opportunity. The Coronavirus map app is one such malicious app- secretly stealing credit card numbers, browser history, cookies, usernames and passwords from the browser's cache without users noticing such actions.

Our Take: Cybercriminals are exploiting global concerns around COVID-19, targeting people and organizations on the front lines of the pandemic. The record increase in hacking attempts has prompted cybersecurity professionals to step up the plate and form a response group called Cyber Volunteers 19.

Both individuals and corporations need to put more guardrails against these cyber threats and ensure appropriate security frameworks and policies to keep threat actors at bay.

On Tuesday, the Washington state legislature passed a bill into law to regulate the use of facial recognition by government agencies. As per the new law, facial recognition technologies need to be regularly tested for fairness and accuracy and can only be used under warrant. However, another bill to regulate the commercial use of facial recognition was tabled but not passed.

Big Picture: Washington tech giant Microsoft that has been lobbying for regulations around the use of facial recognition tech welcomed the move. Microsoft President Brad Smith hailed the new law as a significant breakthrough and an early and important model to serve the public interest without impacting people's fundamental rights.

Our Take: Facial recognition offers many benefits but also poses a serious threat to privacy and security. Ethical use of such technologies should be enforced through legislation and should apply to both public and private entities. The scope and purposes of facial recognition tech should also be reviewed regularly to prevent misuse.

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Latest Tech News This Week: Zoom Hit With Security Woes, Cyber Attacks on Healthcare Ramp Up|Weekly Rundown - Toolbox