![]() ![]() Signal’s development is supported by that loan, which filings. There are plenty of ironies herehow about the fact that Signal is part-backed by WhatsApp founder Brian Acton, or that WhatsApp’s fabled end-to-end encryption is actually Signal’s own protocol. Founded in July 2014, Signal has more than 40 million monthly users, in part driven by a surge of new users in January 2021 when Meta-owned WhatsApp enacted a controversial policy change that sparked a privacy backlash over the nature of personal information shared with its parent company.īut the communication app's rapid growth has had its share of downsides, what with the company's employees raising concerns about the fallout stemming from potential misuse of the service by malicious actors, which could add ammunition to ongoing debates about weakening encryption protections to facilitate law enforcement investigations.Ĭomplicating matters further is its decision to integrate MobileCoin, purportedly an "encrypted-focused cryptocurrency" into the app to facilitate peer-to-peer payments, a shift that could potentially put private messaging at risk by not only attracting regulatory scrutiny but could also serve as an open invitation for criminals to exploit the platform to their benefit. The creators of Signal, the encrypted messaging app widely used throughout security community announces a major change to the organization’s makeup. The app is funded by the Signal Foundation, which was created in 2018 with a 50 million loan from WhatsApp co-founder Brian Acton. ![]()
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