Amazon, Walmart Continue To Sell Vulnerable Video Doorbells Despite Security Risks: Report
Portfolio Pulse from Ananya Gairola
A Consumer Reports investigation found significant security vulnerabilities in video doorbells sold by Amazon.com Inc. (NASDAQ:AMZN) and Walmart Inc. (NYSE:WMT), including susceptibility to hacking. Despite these risks, Amazon continues to feature one of the vulnerable doorbells as 'Amazon's Choice'. Walmart has taken steps to remove these doorbells from its marketplace and offer refunds. The situation highlights concerns about the security of smart home devices and the responsibility of retailers to ensure product safety.
March 01, 2024 | 8:25 am
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NEGATIVE IMPACT
Amazon faces criticism for continuing to sell and promote vulnerable video doorbells despite known security risks.
The negative publicity from selling vulnerable video doorbells could harm Amazon's reputation, potentially affecting consumer trust and leading to a short-term negative impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Walmart has taken proactive steps to remove the vulnerable video doorbells from its marketplace and offer refunds, demonstrating a commitment to product safety and compliance.
Walmart's quick response to remove the vulnerable doorbells and offer refunds could be viewed positively by consumers, potentially leading to a short-term positive impact on its stock price due to increased consumer trust and perception of corporate responsibility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80