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TikTok?s Data Privacy Policies Draw Eyes Of EU Authorities

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TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. Last month, the data-protection commission in the Netherlands opened an investigation into TikTok’s policies to protect children’s data, noting the app is popular with Dutch youth, Bloomberg reported.

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India Mulls Requesting eCommerce, Social Media Players To Store Customer Data Locally

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India is mulling the idea of requesting eCommerce and social media companies to only store customer data locally, which could impact the likes of Amazon and Facebook and its WhatsApp messaging service in the country. According to a report in Reuters , the plan was laid out in an updated Draft National Policy.

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US Treasury Secretary Sees Libra As National Security Threat

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Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187
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Facebook Updates Policies To Clarify For Users

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Reeling from its latest data scandal , social media giant Facebook is taking steps to spell out in plain English how it gathers and uses the data of its users. According to a report in Bloomberg , the social media giant is spelling out how it collects and uses data in its Terms of Service and Data Use Policy.

Policies 100
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Craigslist Founder Invests $5M In Former Facebook Exec’s Security Project

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A $5 million gift from Craiglist’s Craig Newmark Philanthropies will support a new program, led by former Facebook security expert Alex Stamos. Stamos, who left Facebook last August, called the power given to social media companies to police election issues “insane.”. But it’s because governments aren’t stepping up.”.

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Apple Makes New Privacy Policy Requirement For Apps

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To take on apps that don’t give users information on the use of their personal data, Apple is introducing a new requirement: At the beginning of October, apps will have to have a privacy policy – even those that are in testing, according to reports. Starting Oct. Starting Oct. The app will still be available on Android devices.

Policies 101
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The eCase For Liberating $190B In Rental Security Deposits

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Social media platform Facebook is set on further innovating WhatsApp features with a new U.K.-based Why Cash Security Deposits Should Be the Exception to the Rule. The Fed is still debating whether or not it should even take an active role in real-time payments, even as it continues to roll out ACH settlement windows.

Security 162