Apple Defends End-to-End Encryption, Warns Against Threats Posed by UK's Online Safety Bill
Portfolio Pulse from Anusuya Lahiri
Apple Inc has expressed concerns about the UK's Online Safety Bill, warning that it poses a threat to end-to-end encryption, a critical capability that protects privacy and helps defend against surveillance, identity theft, fraud, and data breaches. Apple joins Meta Platforms, Inc's WhatsApp and Signal in opposing a provision that would require tech companies to use 'accredited technology' to identify and remove child sexual abuse content. The company has called for an amendment to offer explicit protections for end-to-end encryption.
June 27, 2023 | 5:38 pm
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NEUTRAL IMPACT
Apple's opposition to the UK's Online Safety Bill could potentially lead to regulatory challenges and impact its reputation for privacy protection. However, the company's shares traded higher by 1.40% at $187.86 on the last check Tuesday.
Apple's opposition to the UK's Online Safety Bill could potentially lead to regulatory challenges for the company. However, the impact on the company's stock is uncertain as the news is balanced by the fact that Apple's shares traded higher by 1.40% on the last check Tuesday.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Meta Platforms, Inc's WhatsApp and Signal are also opposing the UK's Online Safety Bill, which could lead to regulatory challenges for the company.
Meta Platforms, Inc's WhatsApp and Signal are also opposing the UK's Online Safety Bill. This could potentially lead to regulatory challenges for the company. However, the impact on the company's stock is uncertain as the news does not directly mention any immediate effect on Meta's stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60