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TikTok Doubles Sales To $35 Billion Despite Bans, Layoffs

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Chinese social media app TikTok — the world’s biggest startup — grew operating profit to $7 billion after parent company ByteDance saw revenue at about $35 billion last year, Bloomberg reported. The Chinese company had an estimated operating profit of below $4 billion the prior year, according to Bloomberg. billion by 2027.

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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

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Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. The need for digital security has never been more paramount than during the COVID-19 crisis.

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UK Lowers Boom On Huawei With Equipment Purchase Ban

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s National Security Council said the ban will take effect at the end of the year, with mobile network operators also required to remove Huawei equipment from their systems by 2027. Today’s decision, however, is about ensuring the long-term security of our telecoms network, specifically in the light of the new US sanctions.”.

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Commerce Department Tightens Reins On Huawei

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companies, alleging it undermines the nation’s security and foreign policy interests. Starting last year, the DOC’s Bureau of Industry and Security (BIS) required the Chinese company and 114 of its overseas affiliates wishing to export U.S. s National Security Council said the ban will take effect at the end of the year.

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Chinese Advertising Generates $27B For TikTok’s ByteDance

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billion by 2027. . operations. buyers when the Trump Administration tried to ban the app citing national security. Social commerce topped $89 billion January to September, making social media the new advertising darling and ByteDance a threat to longer-established platforms like Facebook and Instagram.

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Deep Dive: Preventing Fraudsters From Gaming The System As Online Gaming Heats Up

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Recent data shows that thwarted attempts to get one security solution’s users to visit malicious, video game-themed websites rose 54 percent from January to April. It also examines how using biometric identification to build secure gaming platforms can deter malicious acts. . Why Online Gaming Appeals To Fraudsters .

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Can Mobile Solve A City’s Transit Payment Challenges?

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High transaction success rates can indicate an efficient payments operation, but keeping them high is no easy feat. percent by 2027, when it will reach a total valuation of $87.6 As the demand for digital payments surge, however, the systems that used to keep them secure are falling short.

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