- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2022-09-26T15:55:00
The U.K.’s data privacy regulator warned social media platform TikTok it could be fined 27 million pounds (U.S. $29 million) for failing to protect children’s data.
An investigation opened by the Information Commissioner’s Office (ICO) in 2019 found the company might have breached the U.K.’s version of the General Data Protection Regulation (GDPR) regarding privacy protections for children using TikTok between May 2018 and July 2020, the regulator announced Monday.
The ICO issued TikTok’s U.K. subsidiary and parent company with a “notice of intent,” a provisional warning informing them it believes the platform might have processed the data of children under the age of 13 without appropriate parental consent and failed to provide users with concise, transparent information that could be easily understood.
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Social media platform TikTok was fined £12.7 million (U.S. $15.9 million) by the U.K. Information Commissioner’s Office for using the personal data of children without parental consent and other violations of data protection mandates.
The fate of popular social media app TikTok in the United States could hinge on the testimony of CEO Shou Zi Chew before the House Committee on Energy and Commerce.
Italy’s data protection authority banned U.S.-based AI chatbot creator Replika from processing the personal data of Italian users because of risks the service posed to minors and vulnerable people—the latest example of a tech company’s product running afoul of the GDPR.
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
