EU issues ultimatum to TikTok CEO: Do not comply with EU regulations as soon as possible or be banned

The European Union has always been the most stringent on data protection. If data violations in violation of the EU GDPR Act are involved, a fine of up to 4% of the turnover can be imposed. It should be noted that this is a turnover. If Byte is a company with a revenue level of 50 billion U.S. dollars, the fine will be 2 billion U.S. dollars, which can be said to be astronomical. There are similar precedents in the United States. ticket.

And if foreigners access the data overseas, or even transmit and store it abroad, it is not only a matter of fines, but may also rise to an international diplomatic incident depending on the situation, and those involved may also be held criminally accountable.

The EU’s attack this time has to go back to TikTok’s parent company, ByteDance, admitting that it monitored the “Financial Times” reporter. Byte basically stepped on all the mines: foreigners, overseas visits, and sensitive data. That’s not to mention, you’re still looking at journalists, the group with the most influence in communication, a big hat that hinders the freedom of news and speech, and monitors users.

Especially now that TikTok itself is on the cusp of geopolitical conflicts, when such a thing breaks out at this time, it can be imagined that it is no longer a simple business or a fine. And it is reminiscent of the fact that the reason for doing this is “internal review and leaking secrets”. For such a non-business reason, whether there are other non-compliant behaviors in the process of business promotion, if a thorough investigation, Whether there will be more similar incidents will break out, and it is unknown.

Since Tik Tok has repeatedly emphasized that it is a global company, the lesson of data security must be made up. Just don’t know how much it will cost.

I hope that China will also strictly protect user privacy data