TikTok agrees to pay $92 million to settle data breach lawsuits

The popular video-sharing app sees the agreement as a way to show the community that it respects users' privacy.

The proposed settlement has been called one of the largest privacy-related payouts in history. It applies to over 89 million users — some as young as six years old — who claimed that the company engaged in "The theft of private and personally identifiable TikTok user data." The data was tracked and sold to advertisers in violation of stated and federal law.While TikTok has agreed to pay out the settlement, the company has gone on record saying that it does not agree with the assertions of the lawsuit. However, it believes that settling the case is the best path forward.

Read more...