The Keybase service will be part of Zoom's paid offering, not the free service. "Teaming up with Zoom really gives us an amazing opportunity to apply all our technology and all our expertise at a scale that's much larger."
"These are subtle problems and we've been working on this problem for roughly five years, and nothing else," said Krohn. Yuan said after he talked with Krohn and dug into Keybase's software, he was convinced this was the right deal. In early April, Yuan hired former Facebook security chief Alex Stamos as a consultant to help the company beef up its efforts after apologizing to users for falling "short of the community's - and our own - privacy and security expectations." Within days, Stamos was on the phone with Keybase co-founder Max Krohn, and the teams started working toward a deal.
Zoom has acknowledged that it was unprepared for the sudden spike in usage, which has surged thirtyfold since the end of December as millions of office workers were forced to comply with lockdown orders. Yuan has made security his primary focus over the past month, after Zoom was hammered by critics for allowing "zoombombings" from unwelcome guests, allegedly misleading investors about its level of encryption, and revelations that its app shares personal data with Facebook. Yuan said it's critical that users know that the encryption key is not on Zoom's servers, so the company has no access to the contents of the call. That setting will prevent anyone from calling in by phone, which is one way people can access meetings, and will disable cloud-based recording of the chat. When Keybase is implemented, the Zoom user who schedules a meeting will be able to choose end-to-end encryption. Zoom CEO Eric Yuan told CNBC the company needed a solution for users who are demanding the highest level of privacy and certainty that uninvited participants have no access to their conversations. The acquisition of the 25-person start-up is the latest move in a 90-day plan that Zoom announced on April 1 to fix its security flaws. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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