Zoom to strengthen encryption for paying customers as its stock soars – The National

Zoom to strengthen encryption for paying customers as its stock soars – The National

Zoom to strengthen encryption for paying customers as its stock soars. The company will not tighten security for users with free accounts despite software vulnerabilities. Zoom Video Communications plans to strengthen encryption for paying clients and institutions, but not for users with free accounts, according to Reuters which cited the company's security consultant Alex Stamos.. The company previewed its plans with civil liberties groups and activists against child-sex abuse on Thursday, the report said.. Plans are subject to change and it is unclear which non-profit organisations would qualify for such heightened security for video conferences, the report added.. Zoom has seen global usage of its service surge during coronavirus shutdowns, but has come under increasing pressure over vulnerabilities in the app's software encryption.. "The current plan is paid customers plus enterprise accounts where the company knows who they are.". Zoom's share price soared to a record on Friday with a rally in the last hour of trading, helping the company close with a market value above $50 billion (Dh183.6bn) for the first time.. The stock rose 9.7 per cent to $179.48, giving Zoom a market value of $50.6bn, bigger than tractor maker Deere & Company and pharmaceutical company Biogen..