Vimeo appoints Ryan Weeks as CISO to enhance security and compliance for its video platform.
Quiver AI Summary
Vimeo has announced the appointment of Ryan Weeks as Chief Information Security Officer (CISO), effective immediately. In his new role, Ryan will oversee Vimeo's security, compliance, and risk management efforts to enhance the platform's reputation as a trusted and secure environment for video creators worldwide. CEO Philip Moyer noted the increasing importance of secure video communication for businesses and emphasized Ryan's extensive experience in building security systems as vital for Vimeo's mission. Ryan previously served as CISO at Datto, Inc., where he developed an information security strategy and managed risks. He aims to build on Vimeo's commitment to providing secure video experiences, which are essential for the growth and success of the platform.
Potential Positives
- Appointment of Ryan Weeks as Chief Information Security Officer (CISO) is a strategic move to enhance Vimeo’s security and risk management, reinforcing the company's commitment to being a trusted platform.
- Ryan Weeks brings nearly two decades of experience in information security, including a successful tenure at Datto, Inc., which strengthens Vimeo’s capability to protect customer video assets.
- The focus on secure and private video as a critical element of business communication positions Vimeo to meet growing customer demands for security in video asset management.
- Vimeo's commitment to trust and transparency in its video services is expected to differentiate the company in a competitive market, potentially driving growth and success.
Potential Negatives
- The appointment of a new Chief Information Security Officer (CISO) may indicate previous weaknesses in Vimeo's security measures, necessitating a leadership change to address these issues.
- Emphasizing security and compliance in the release suggests that there have been concerns or incidents related to these areas that the company is now trying to mitigate.
FAQ
Who has been appointed as Vimeo's Chief Information Security Officer?
Ryan Weeks has been appointed as Vimeo's Chief Information Security Officer (CISO), effective immediately.
What are Ryan Weeks' responsibilities at Vimeo?
Ryan Weeks will lead Vimeo’s security, compliance, and risk management functions, ensuring a trusted video platform for creators.
Why is security important for Vimeo and its users?
As video becomes central to communication, security ensures the protection of video assets for businesses and creators worldwide.
What previous experience does Ryan Weeks have in security?
Ryan Weeks has nearly two decades of experience in information security, notably serving as CISO at Datto, Inc.
What is Vimeo's commitment to security?
Vimeo is committed to delivering secure and reliable video experiences, enhancing trust and transparency for all users.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VMEO Insider Trading Activity
$VMEO insiders have traded $VMEO stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $VMEO stock by insiders over the last 6 months:
- ADAM GROSS purchased 50,000 shares.
- GLENN SCHIFFMAN purchased 20,000 shares.
- GILLIAN MUNSON (Chief Financial Officer) purchased 4,348 shares.
- PHILIP D MOYER (Chief Executive Officer) purchased 32,051 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VMEO Hedge Fund Activity
We have seen 98 institutional investors add shares of $VMEO stock to their portfolio, and 106 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 1,768,975 shares (-11.0%) from their portfolio in Q3 2024
- MARATHON ASSET MANAGEMENT LTD removed 1,742,428 shares (-85.2%) from their portfolio in Q3 2024
- DEUTSCHE BANK AG\ removed 1,287,810 shares (-59.9%) from their portfolio in Q3 2024
- MORGAN STANLEY added 1,156,241 shares (+52.8%) to their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 924,471 shares (+76.0%) to their portfolio in Q3 2024
- J. GOLDMAN & CO LP removed 764,415 shares (-100.0%) from their portfolio in Q2 2024
- HILLSDALE INVESTMENT MANAGEMENT INC. added 754,700 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ: VMEO), the world’s most innovative video experience platform for creators and enterprises, today announced the appointment of Ryan Weeks as Chief Information Security Officer (CISO), effective immediately. Ryan will lead Vimeo’s security, compliance, and risk management functions and support the company’s mission to be the most trusted and secure platform for professional video creators across the globe.
“Secure, private, video is taking a central role in how businesses communicate internally and externally. Companies of all sizes are realizing they need to protect and scale their video asset management,” said Philip Moyer, CEO of Vimeo. “Ryan’s extensive experience in building high-grade security platforms across industries makes him the ideal leader to strengthen Vimeo’s goal to be one of the most trusted video platforms in the industry. We’re committed to delivering secure and reliable video experiences for all our customers - from individual creators to the largest companies in the world.”
Ryan has nearly two decades of experience in information security, with a demonstrated track record in protecting public organizations’ information assets. Most recently, Ryan served as CISO at Datto, Inc. for over six years, where he built the organization’s security program from the ground up. In this position, Ryan played a vital role in developing and implementing Datto’s information security strategy while continuing to manage risks and compliance, enforce security policies, and promote a strong overall security posture across the organization. Ryan also contributed to the broader security community through cybersecurity education initiatives and his work with the Ransomware Task Force to help identify and advance recommendations to reduce the risk of ransomware.
“As video becomes the primary way people and businesses across the world tell their stories, trust and transparency are becoming far more than table stakes. For video platforms, these are dynamic differentiators that can drive growth and success,” said Weeks. “I look forward to building on Vimeo’s reputation for providing secure video experiences and leading a high-performing security, compliance, and risk management program that delivers peace of mind to businesses, creators, and video professionals.”
About Vimeo
Vimeo (NASDAQ: VMEO) is the world's most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world's largest companies – whose videos receive billions of views each month. Learn more at
www.vimeo.com
.
Contact:
Frank Filiatrault
[email protected]
