It has been something of a rollercoaster ride for TikTok so far this year. In the past few weeks, TikTok, which is one of the fast-growing Chinese video-sharing social networking services and the leading destination for short-form mobile video has been covered in news due to their imposed bans and security concerns. With the on-going tension between India and China, the Indian Government has banned 59 Chinese mobile apps which includes TikTok as well. TikTok owner ByteDance had invested more than $1 billion to build his customer base in India, and now due to the ban faces losses of as much as $6 billion because hundreds of millions of users are cut off.
This is not all, there are many other on-going faced problems due to which TikTok may face a downfall soon. Such as-:
- As per security reports, TikTok still has been seen collecting its IOS user’s clipboard data which can include highly sensitive information like passwords, personal messages, and even account-reset links. In short, it is the largest data collection service among all the current social media platforms.
- In February 2020, TikTok agreed to pay $5.7 million fine to settle Federal Trade Commission allegations of illegally collected personal information from children. Due to these imposed allegations, the U.K. government has been seen in the process of starting an investigation on TikTok.
Adding to their on-going data privacy concerns, recently the Cyble Research Team identified a credible threat actor who claimed to expose the TikTok database which seems to contain around 44K videos, images, and even private TikToks.
The story is developing…
We recommend people to:
- Never share personal information, including financial information over the phone, email or SMSs
- Use strong passwords and enforce multi-factor authentication where possible
- Regularly monitor your financial transaction, if you notice any suspicious transaction, contact your bank immediately.
- Turn-on automatic software update feature on your computer, mobile and other connected devices where possible and pragmatic
- Use a reputed anti-virus and internet security software package on your connected devices including PC, Laptop, Mobile
- People who are concerned about their exposure in darkweb can register at AmiBreached.com to ascertain their exposure.
Cyble is a US-based cyber threat intelligence company with the express mission to provide organizations with real-time views of their supply chain cyber threats and risks.