https://www.vox.com/recode/2019/10/24/20930668/gary-cohn-trump-economic-adviser-goldman-hoyos-secure-phone
By Kara Swisher
Recode
October 24, 2019
The rise of iPhones and Google Android phones has created a secure mobile
communications problem. Government and military employees — including the
president — use Apple iPhones or a variety of Android devices that are
vulnerable to hacking, even with the use of encrypted communications apps like
Signal. That’s why the first big investment Gary Cohn is making after leaving
his post in the Trump administration as director of the US Economic Council is
aimed at making mobile phones more secure.
Cohn told me in a Recode Decode podcast interview to be posted Friday that he
will be deeply involved in the strategy and rollout of products from Hoyos
Integrity Corporation, a startup that is planning to launch a new secure mobile
phone aimed at government and corporate customers. While he declined to say
what the amount of his investment is, he noted it was “significant.”
Since he left the White House, Cohn, who is also the former president of
Goldman Sachs, has focused on finance innovation. He joined Spring Labs, a
blockchain network for sharing financial data, last year as a board adviser. At
Goldman, he was also active in working with Silicon Valley companies.
In the Recode Decode interview, Cohn talked about that and also why he was
focusing on cybersecurity by joining the board of advisers for Hoyos. In
addition to its secure phone, the startup is planning to launch a “hot” digital
wallet — which employs more sophisticated biometrics — that regular consumers
can use to make payments using a wide range of monetary assets, including
bitcoin. The wallet will also be insured up to $1 million if hacked and will
adhere to strict Know Your Client (KYC) and Anti Money Laundering (AML)
regulations.
[...]
--
Subscribe to InfoSec News
https://www.infosecnews.org/subscribe-to-infosec-news/
https://twitter.com/infosecnews_
