San Jose’s Zoom to roll out strong encryption video-conference for paying customers

by   |  VIEW 2330

San Jose’s Zoom to roll out strong encryption video-conference for paying customers

Zoom Video Communications Inc., the San Jose, CA-based American multinational software company primarily focused on its video conferencing app Zoom, which had been the centrepiece of a week-long debate on potential privacy breaches during the early days of the pandemic-driven lockdown in the United States, said on Friday that that the video conference provider, currently having banned by a swathe of companies ranging from lender to carmaker to tech conglomerates such as German lender Deutsche Bank, e-vehicle maker Tesla Inc., and the world’s largest internet services provider Google LLC., had been sketching out a plan to unveil stronger encryption in its video calls for the paid individuals and institutions such as school, adding that the subscribers for its free consumer accounts wound not enjoy the same privilege.

As a matter of fact, despite a raft of corporate bans on Zoom over feasibility of its scale of encryption, number of users of the San Jose-based Zoom Video Communication had surged more than 50% to 300 million by end-April compared to a month earlier.

Zoom set to unfurl better encryption for paid customers In tandem, since Zoom’s businesses had ramped up exponentially during the pandemic, Zoom security consultant Alex Stamos had confirmed the company’s latest move on Friday in a call with civil liberties group and child abuse fighters adding that the plan was not yet finalized and subject to changes, while Stamos had also told in the call that certain professionals such as non-profit organizations or politicians, could qualify for its paid accounts free of cost.

On top of that, following reveal of the media headlines on Zoom’s latest plan to roll out a paid subscription package tagged with better encryption, Nasdaq-listed Zoom stocks jumped as much as 16 per cent on Friday to $179.48 after slipping just a notch shy of 7 per cent in the pre-market trading.