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TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

3Mar By PriyankaNo Comments

News

TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

CHICAGO, 3rd March 2021-- US-based law firms will receive a $92 million proposed class action settlement on behalf of users of the TikTok app. The settlement, if approved by the court, would resolve claims that the social media company wrongfully collected its users’ biometric information and private data, and disclosed that information to third parties. In addition to creating a monetary fund for TikTok users, the settlement requires that TikTok initiate a new privacy compliance training program and take other steps to protect its users’ privacy going forward. TikTok is a video-sharing social network that has denied any privacy violations, the class action lawsuit contended that the app collects and discloses personal data in violation of the Illinois Biometric Information Priv...

2Jul By AdityaNo Comments

INDIA

TikTok refutes allegations of Indian politician over data sharing

Chinese video-sharing app TikTok refuted India's opposition leader allegations of collecting user data illegally. In a statement to media, Chinese firm ByteDance owned app said it abides by all local laws and regulations. The privacy and security of users are its top priority. The statement came in response to India's senior Congress leader Shashi Tharoor alleging in the Lok Sabha that the short video platform was illegally collecting data and sending to China. Tharoor had described it an issue of national security. TikTok termed the allegations as "untrue" and said it abides by local laws and regulations in the markets where it operates. It said the Chinese government has no access to TikTok users' data nor does it have any existing partnership with China Telecom. "These clai...

Trump says Google CEO Sundar Pichai committed to US, not Chinese military

28Mar By Press Trust of IndiaNo Comments

USA

Trump says Google CEO Sundar Pichai committed to US, not Chinese military

US President Donald Trump said that Google CEO Sundar Pichai, whom he'd previously accused of indirectly boosting China's military, has reassured him that he is "totally committed" to US security. "Just met with @sundarpichai, President of @Google, who is obviously doing quite well," Trump tweeted after a White House meeting. "He stated strongly that he is totally committed to the US Military, not the Chinese Military." Earlier this month Trump complained that Google's business activities in China were "helping China and their military. "There was also criticism from General Joseph Dunford, chairman of the Joint Chiefs of Staff, who told Congress "the work that Google is doing in China is indirectly benefiting" China's armed forces. America's top military officer has also urged U...

Credit Info Firms Sharing Data with Fintechs irks Lenders

25Dec By Gauri SinghNo Comments

News

Credit Info Firms Sharing Data with Fintechs irks Lenders

Banks have sought indemnity from credit information companies (CICs) for any legal issue that might arise over the latter sharing bank customer information with fintech firms. This is understood to have been conveyed to the four CICs — TU Cibil, Equifax, Experian and Highmark — by a senior official of the Indian Banks Association (IBA) in a meeting on Thursday. Earlier this month, representatives of banks had a meeting to discuss the issue of fintechs getting unbridled access to bank borrower information. Lenders had raised their concerns at the IBA and some wanted to take this up with the RBI. However, it was decided that a formal view would be sought from CICs through the IBA. In Thursday’s meeting, the CICs are understood to have conveyed to the IBA representative that laws do no...

Facebook Shared User Data Access With Airtel & Saavn

4Jul By NitishNo Comments

News

Facebook Shared User Data Access With Airtel & Saavn

Social media giant Facebook admitted that they have shared their user's data with Indian telecom company Bharti Airtel and Reliance Jio's music app partner Saavn among others. The social media company said that these all those companies having integration partnerships with Facebook. The integration partners of the company to build ways for Facebook users to receive Facebook or Facebook features on their device or network within platform use policies of the social media firm. "Integration partners were not permitted to use data received through Facebook APIs for independent purposes unrelated to the approved integration without user consent," Facebook said in its submission. According to the information shared by Facebook, its partnership with Airtel is no longer in force. &n...

Facebook Grants Deep Data Access to Device Makers

4Jun By Gauri SinghNo Comments

News

Facebook Grants Deep Data Access to Device Makers

The most popular social networking platform Facebook formed an association with a total of 60 gadget makers for the purpose of data-sharing. Out of the sixty companies, Apple, Amazon, BlackBerry, Microsoft and Samsung are some among others that partnered with the social media giant for the defined purpose. Facebook had reached the specified device makers over the last decade, initiating before Facebook apps were extensively available on smartphones. The deals as mentioned, enabled Facebook to grow and expand its extent and also to let the partner companies provide popular social networking features, for instance, messaging, the ability to post photos, directly from a device without using the Facebook app, ‘like’ button and address books. It was also being said that the device compani...