TikTok has established a new data security framework, titled “Project Clover”, in response to increased scrutiny from legislators in the US and Europe.
The European Parliament, Commission, and Council have imposed a ban on employees using TikTok due to security concerns surrounding the Chinese-owned company ByteDance’s access to user data. This aims to safeguard EU citizens from any potential exploitation of their information by China or interference with its interests.
Read more: Canada Probes TikTok Over Data & Privacy
The White House has shown support for an act granting the administration authorization to limit Chinese-owned video app TikTok and other foreign technologies that present risks to national security.
On Wednesday, a TikTok spokesperson confirmed that the company will begin storing European user data locally in 2021. In addition, two new data centers are planned to be opened soon – one in Ireland and one in Hamar, Norway – which will be operated by an external partner. The migration of data processing activities is expected to be completed by 2024.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI