TikTok reportedly faces a €500 million fine for sending private user data to China

TikTok volition reportedly look a good of implicit €500 cardinal ($553 million) for transferring Europeans' backstage information to China. Bloomberg said connected Thursday that Ireland's information extortion commission, which regulates TikTok proprietor ByteDance's EU operations, could crockery retired the punishment earlier the extremity of April.

The good results from a four-year probe of TikTok's information handling practices. The probe reportedly concluded that ByteDance broke Europe's General Data Protection Regulation (GDPR) laws by transferring backstage idiosyncratic information to China to beryllium accessed by engineers. The state is known for its widespread, high-tech surveillance.

"TikTok tells america that EU information is transferred to the U.S. and not to China, nevertheless we person understood that determination is anticipation that attraction and AI engineers successful China whitethorn beryllium accessing data," erstwhile Irish Data Protection Commissioner Helen Dixon said successful March 2021 erstwhile the probe began.

Ireland is taking the pb because, nether the GDPR, the state wherever a company's European operations are located oversees compliance and enforcement. ByteDance's European office are successful Dublin. Bloomberg says the determination day and magnitude of the good aren't yet finalized and could inactive change.

Of course, this isn't adjacent ByteDance's biggest play unfolding this week. The destiny of TikTok's US operations hangs successful the equilibrium arsenic it approaches an April 5 deadline to find a purchaser oregon look a prohibition successful America. The database of apt outcomes ranges from uncovering a purchaser (Amazon has adjacent thrown its chapeau successful the ring) to its US investors rolling implicit their stakes into a caller autarkic planetary institution oregon the deadline passing with different deadline extension.