TikTok reportedly ready to allow further outside surveillance to close key US privacy deal
TikTok, owned by China’s ByteDance (BDNCE), are facing an existential crisis as they try to finalize a key security deal with the US government and remain under Chinese control, forcing them to allow more monitor its business.
The social network has more than 1 billion users worldwide, has worked to expand (NYSE:ORCL) to keep its infrastructure separate from the rest of ByteDance (BDNCE), Reuters report. Oracle is headquartered in Austin, Texas (ORCL) will look at the application code, which makes the application’s interface, as well as the server code, the news agency added, citing sources familiar with the matter.
prophet (ORCL) engineers will conduct the assessment at the “transparency center,” with the first visit scheduled for January in Maryland.
In June, TikTok speak it will route all its US traffic through (ORCL) cloud technology infrastructure to better secure the information of users in the United States.
In addition, TikTok also proposed creating a “proxy” board that would run its security division, known as USDS, independently of ByteDance, the sources added. The board will have three members hand-selected by the Committee on Foreign Investment in the United States. ByteDance will have no control over the board, but will pay for operations
USDS, TikTok’s main security team, is currently reporting to TikTok CEO Shou Zi Chew. The company continues to recruit for the division, yes recently posted several job openings in the US
In addition, TikTok has also considered hiring independent auditors who will report to CFIUS, Reuters added.
TikTok did not immediately respond to a request for comment from Seeking Alpha.
Earlier this month, it was report that TikTok is having a hard time separating from its parent company, as ByteDance is still heavily reliant on Chinese workers for several key functions, including messaging, live streaming, and markets.
US Senate pass bill to ban TikTok on government devices. In addition, 12 states, including Georgia, Texas, Maryland and Iowa have pass laws that restrict the use of TikTok on devices controlled or enacted by their respective state governments.
U.S army formerly banned TikTok from government-issued devices.
New Concerns From the Biden Administration appeared recently about TikTok and how it handles data security, leading to the delay in said agreement. Concerns include how TikTok will share information with an algorithm that figures out which videos to show users, as well as the level of trust lawmakers will place in the company.
former president trump almost forced sold TikTok in 2020 over national security concerns due to concerns that data could be sent to the Chinese Communist Party.
However, in 2021, President Biden revoked an executive order from Trump that would have banned TikTok in the US
Last month, TikTok turned on its e-commerce tool in the US because it wanted to diversify its revenue.