A War On Encrypted Messaging Is Brewing, And Apple Has Joined The Fight Against It
Portfolio Pulse from Rounak Jain
Apple Inc. has opposed the Online Safety Bill under consideration in the UK Parliament, joining 80 organizations and technology experts. The bill would force messaging services to scan message contents for child sexual abuse material (CSAM), which Apple argues would put people at greater risk from data breaches and surveillance. The company's iMessage service uses end-to-end encryption, as do other popular messaging services like Meta Platforms Inc.-owned WhatsApp and Facebook Messenger, and Signal.
June 28, 2023 | 8:30 am
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NEUTRAL IMPACT
Apple's opposition to the Online Safety Bill could potentially impact its reputation and user trust, especially in the UK.
Apple's stance on the Online Safety Bill could potentially affect its reputation and user trust, especially among UK users. However, the direct impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Online Safety Bill could potentially impact Meta Platforms as its services WhatsApp and Facebook Messenger also use end-to-end encryption.
The Online Safety Bill could force Meta Platforms to change its messaging services, potentially affecting user trust and its reputation. This could negatively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60