TikTok has been fined 530 million euros (approx $600 million) by the European Union (EU), regulators have announced. The company, owned by Chinese tech giant ByteDance, has been found illegally sending the personal data of European users to China and failing to adequately ensure that this data was protected from potential access by Chinese authorities
According to a report by news agency AFP, the penalty – one of the largest ever issued by the European bloc’s data protection authorities – follows a thorough investigation into the legality of TikTok’s data transfer practices.
What EU regulators have to say on fining TikTok
Ireland’s Data Protection Commission (DPC), which serves as the lead regulator for TikTok in Europe due to the company’s European headquarters being located there, revealed that TikTok acknowledged during the probe that it had, in fact, hosted European user data in China. (Times of India)
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