Anger over US military plans being disclosed to a journalist on a Signal Messenger group chat proved too much for US National Security Adviser Mike Waltz to survive in the role, but the app at the centre of his reported downfall has largely been helped by the scandal.
As of Thursday, Signal sits comfortably with a top 15 ranking in Apple's iOS app store in the social networking category. Notable for an app that rarely, if ever, advertises.
This comes weeks after Jeffrey Goldberg, editor-in-chief of The Atlantic, inadvertently learnt specifics about US plans for attacks on Houthi targets after he was added to a Signal chat.
Mr Goldberg said he was mistakenly added to “Houthi PC small group” within the Signal app, which often promotes its independent status and emphasises its encryption and security features.
According to Appfigures, an app intelligence and analytics company, shortly after the Signal story broke, app downloads for the messaging platform rose by 26 per cent.
“The news wasn't great or relevant to the app yet it resulted in Signal getting 350,000 more downloads than what was expected,” read a press release from Appfigures, which also said that the app's popularity in Yemen, the country at the centre of the attacks discussed on the platform, briefly rose too.
In the days following the scandal, military officials, members of Congress and technology security experts expressed shock and dismay by the incident for which Mr Waltz ultimately took responsibility.
Despite the apology from Mr Waltz, a former Florida congressman, criticisms remained, and an investigation by the US Inspector General got under way to determine the ramifications of Trump administration officials' use of Signal.
On Signal's official message board, debate and deliberation about what the potential fallout meant for the platform continued for weeks after the story first broke.
“Do you think this US scandal will benefit Signal in terms of adoption of the app or cast it in a bad light?” asked one of message board members.
“I think it is free advertising and therefore good for Signal Messenger,” wrote another poster to the Signal message board. “It is a good reminder that … good apps cannot protect from bad users.”
The scandal and fears of a possible compromise of national security became so great that Signal warned of “misinfo flying around” about the messaging app.
“Signal remains the gold standard for private, secure communications,” the company wrote on X, hitting back against various reports suggesting the app could be vulnerable due to phishing attempts.
“Phishing isn’t new, and it’s not a flaw in our encryption or any of Signal’s underlying technology. Phishing attacks are a constant threat for popular apps and websites.”
Signal boasts “state of the art, end-to-end encryption”, but experts have since warned that such features matter little if the app's users are careless.
“Often the Defence Department will urge against using these apps for secure communication because humans will be humans and they can't be trusted to use it correctly,” Robert Graham, chief executive of Atlanta-based cyber security company Errata Security, told The National. “That was verified by this whole story – a journalist was accidentally added to the group.”
But some, like Signal's founder Moxie Marlinspike, poked fun at what many saw as a very serious incident.
“There are so many great reasons to be on Signal. Now including the opportunity for the Vice President of the United States of America to randomly add you to a group chat for co-ordination of sensitive military operations,” he posted on X in March. “Don’t sleep on this opportunity.”
As of 2024, before the controversy erupted, estimates showed Signal had some 70 million monthly active users. The leader, WhatsApp, has about 2 billion.
Shortly after news broke on Thursday surrounding Mr Waltz's departure, US President Donald Trump named Secretary of State Marco Rubio as the acting national security adviser, and then nominated Mr Waltz as ambassador to the UN.
COMPANY%20PROFILE
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Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
MATCH INFO
Liverpool 2 (Van Dijk 18', 24')
Brighton 1 (Dunk 79')
Red card: Alisson (Liverpool)
Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Results
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INDIA'S%20TOP%20INFLUENCERS
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The specs
Engine: 4.0-litre V8
Power: 503hp at 6,000rpm
Torque: 685Nm at 2,000rpm
Transmission: 8-speed auto
Price: from Dh850,000
On sale: now
UAE currency: the story behind the money in your pockets