TikTok says it already committed to government oversight of U.S. data security
Reuters
Published Sep 19, 2020 03:58PM ET
Updated Sep 20, 2020 06:20AM ET
(Reuters) - Video-sharing app TikTok said on Saturday it has already committed to the U.S. government oversight of data security in the country, and that it was "disappointed" by the Trump administration's decision to ban it from U.S. app stores from Sunday.
The ban on new U.S. downloads of the app, owned by China's ByteDance, could still be rescinded by President Donald Trump before it takes effect if the company seals a deal with Oracle Corp (NYSE:ORCL) that addresses concerns about the security of users' data.
TikTok said that in its proposal to the U.S. government, it has already agreed to measures like "third-party audits, verification of code security, and the US government oversight of US data security."
The ban is in response to a pair of executive orders issued by Trump on Aug. 6 that gave the Commerce Department 45 days to determine what transactions to block from the apps he deemed pose a threat to national security. That deadline expires on Sunday.
Commerce Department officials said they were taking the extraordinary step because of the risks posed by the apps' collection of data. China and the companies have denied U.S. user data is collected for spying.
"An American Technology provider would be responsible for maintaining and operating the TikTok network in the US, which would include all services and data serving US consumers," TikTok added in the statement.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.