Since the coronavirus pandemic began, videoconferencing for remote working, learning, and social interaction has taken center stage, and so have companies that provide the service. Zoom went viral over the last few weeks as it ascended into household name status but later took a hit as privacy issues surfaced.
In a message this week, CEO Eric Yuan laid out the company's 90-day plan to focus the company 100 percent on security and privacy and to engage top experts to help. One of those experts is a former Facebook chief security officer, Alex Stamos, who joined Cheddar to discuss the changes the company is making.
"The goal of Zoom right now is to find ways to increase privacy for all of their meetings and provide options for users who have really strong security requirements," said Stamos, citing the many high profile Zoom meetings that have occurred over the last few weeks — including cabinet meetings held by UK Prime Minister Boris Johnson.
The company has taken major steps, such as hiring outside firms to simulate hackers to study how people are breaking into chats and meetings or, as it is now known, 'Zoom-bombing.' The videoconferencing firm is also working towards deploying end-to-end encryption for its users so that chats would become protected against would-be "bombers," but doing that is "a really complicated thing, especially with Zoom's scale," according to Stamos.
However, Zoom announced on Thursday that it acquired the company Keybase to be a vital part of reaching that encryption goal.
The company's shift towards focusing on security has not fallen on deaf ears, as the New York City Department of Education lifted its ban on using the platform for remote teaching. While the company continues to strive for a more secure video-chatting experience, Stamos assured Cheddar that already "a bunch of bugs have been found and fixed."
Retailers face tariffs and cost challenges this holiday season. Wells Fargo's Lauren Murphy shares insights on pricing, promotions, and shopping trends.
Dateability, founded by sisters Jacqueline and Alexa Child, is the only dating app for disabled and chronically ill communities, fostering love without limits.
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
Andy Baehr, Head of Product at CoinDesk Indices, breaks down crypto’s Black Friday crash, Bitcoin dipping under $100K, and what’s driving the market rout.
Billionaire Warren Buffett warned shareholders Monday that many companies will fare better than his Berkshire Hathaway in the decades ahead as Father Time catches up
Chris Marquette of POLITICO breaks down how the FAA is cutting flights and facing a critical shortage of air‑traffic controllers amid the government shutdown.