<div>
  <ul>
    <li>
      <p>
        Short video platform TikTok has been fined EUR 345 million (~USD 368 million) by the Irish Data Protection Commission (DPC) for breaches of data privacy laws regarding the processing of children's personal data in the EU.
      </p>
    </li>
    <li>
      <p>
        The fine follows a 
        <a href="https://sp-edge.com/updates/20730">
          ruling by the central EU privacy body
        </a>
         in August to resolve disagreements between the DPC and privacy agencies of other EU countries on the handling of an investigation into TikTok&rsquo;s treatment of private data.
      </p>
    </li>
    <li>
      <p>
        TikTok has issued a statement disagreeing with the decision, questioning the level of the fine imposed and claiming that it had made necessary changes to its privacy mechanisms prior to the DPC inquiry.
      </p>
    </li>
    <li>
      <p>
        The DPC is conducting an additional investigation into TikTok&rsquo;s compliance with the EU general data protection regulation (GDPR) regarding whether the company transferred personal data from the EU to China, where its owner, ByteDance, is based.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.reuters.com/technology/tiktok-fined-345-million-euros-over-handling-childrens-data-europe-2023-09-15/">
      Reuters
    </a>
  </p>
  <p>
    <a href="https://www.securityweek.com/tiktok-is-hit-with-368-million-fine-under-europes-strict-data-privacy-rules/">
      Security Week
    </a>
    &nbsp; 
  </p>
</div>


Digital Privacy Tools

Video platform TikTok has been fined €345 million ($368 million) by the Irish Data Protection Commission (DPC) for breaching data privacy laws related to the processing of children's personal data in the European Union (EU). This comes after a ruling in August by the central EU privacy body to resolve disagreements between the DPC and other EU privacy agencies regarding an investigation into TikTok's handling of private data. TikTok disagrees with the decision, questioning the level of the fine and stating that it made necessary privacy changes before the DPC inquiry. The DPC is also investigating whether TikTok complied with the EU general data protection regulation (GDPR) regarding the transfer of personal data from the EU to China, where its owner, ByteDance, is based.

TikTok fined EUR 345 million for breaching children's data laws

Delaware Governor John Carney has signed the Delaware Personal Data Privacy Act (DPDPA) into law, making Delaware the 13th state to have a comprehensive privacy law. The law does not allow consumers to sue for privacy violations, and enforcement will be handled by the Delaware Department of Justice. The law will go into effect on January 1, 2025, with an outreach period beginning on July 1, 2024. The law applies to companies that control the data of at least 35,000 consumers or derive 20% of their revenue from selling personal data of 10,000 consumers. The law grants consumers various rights, including the right to know if businesses have their data, correct inaccuracies, request deletion, obtain a copy of their data, and opt out of targeted advertising.

Delaware becomes 13th state with comprehensive privacy law

DISRUPTOR_PRESENT

Compliance management company, Hyperproof, has secured $40 million in funding led by Riverwood Capital and participated in by existing investor Tobal Capital. This brings the company's total raised funding to $66.5 million. Hyperproof intends to use the funds to enhance its platform, expand its team, and invest in go-to-market strategies. The company's valuation has reportedly doubled in just nine months.

Compliance and risk management startup Hyperproof raises USD 40 million

Israeli cyber compliance startup Cypago has raised $13m in funding led by Entree Capital, Axon Ventures, and Jump Capital, and also raised $2m in debt. The funds will be used to expand the company's research and development and product teams as it grows in the US and EU. Cypago has also launched an SaaS governance, risk, and compliance (GRC) automation platform that automates security and privacy compliance workflows. The platform utilises proprietary analysis and correlation models, GenAI, and natural language processing (NLP), and features an AI assistant copilot to provide compliance insights. Cypago was founded by a former EY executive and IDF intelligence corps officer.

Cypago raises USD 13 million in funding; launches compliance automation platform

Cybersecurity firm Malwarebytes has acquired online privacy and cybersecurity company Cyrus. Cyrus, founded in 2020, offers privacy protection tools for individuals and businesses, including credit monitoring and identity theft guidance. The acquisition will enable Malwarebytes to provide enhanced privacy protection and give customers more control over their data. Cyrus' technology and expertise will also contribute to the development of Malwarebytes' mobile security offering. The financial details of the acquisition were not disclosed.

All Updates

TikTok fined EUR 345 million for breaching children's data laws

Delaware becomes 13th state with comprehensive privacy law

Compliance and risk management startup Hyperproof raises USD 40 million

Cypago raises USD 13 million in funding; launches compliance automation platform

Malwarebytes to acquire Cyrus Labs for undisclosed sum

DynamoFL raises USD 15.1 million in Series A funding

Lightbeam launches data privacy and AI governance copilot

Osano raises USD 25 million in Series B funding

TikTok to be fined for violating children’s data privacy laws

Vaultree announces partnership with Tableau