How Tik Tok data security is relevant to your business

How Tik Tok data security is relevant to your business

12 October 2020

TikTok has been questioned about the quality of its security for clients’ information. Concerns have been raised that the parent company, Byte Dance, could provide its database to the Chinese Communist Party – an allegation that the company strongly denies.

The concerns being raised about Tik Tok are also questions you should be asking yourself for your business operations – as it applies equally to every business. How secure is your client information? Have you taken every reasonable step to ensure your clients’ privacy? And what would happen to your company if your clients’ data was stolen?

As reported by the Officer of Australian Information Commissioner, in the past 6 months the following incidents have been recorded affecting client data.

  • 518 breaches were notified under the scheme. This figure is down 3% from 532 in the previous six months, but up 16% on the 447 notifications received during the period January-June 2019.
  • Malicious or criminal attacks (including cyber incidents) remain the leading cause of data breaches, accounting for 61% of all notifications.

What you need to know about client data security

Tik Tok highlights the rise of a new risk in the cyber and privacy landscape, as well as the importance of regulations to protect users’ rights and privacy. In Australia, we have the Privacy Act 1988. This basically states that you are responsible for keeping all client and confidential staff data safe and secure.

The Privacy Act 1988 (Privacy Act) was introduced to promote and protect the privacy of individuals and to regulate how Australian Government agencies and organisations with an annual turnover of more than $3 million, and some other organisations, handle personal information.
Source: Office of the Australian Information
Commission

What action can you take now?

In a nutshell (and this list is not exhaustive), you need to:

  • Know what data you keep and where it is located – and ensure your security is best practice
  • Educate your employees about your responsibility with client data
  • Employ best practice password methods

Ensure best practice with your software security

This link takes you to a useful resource and outlines the specific steps to take. https://www.oaic.gov.au/privacy/notifiable-data-breaches/preventing-data-breaches-advice-from-the-australian-cyber-security-centre/

There are many other aspects to cyber security that we will not address here however this is a good starting point to keeping your clients’ data safe and secure.

Want to find out your cyber risk rating? Take our free survey here.

If you’d like to discuss your overall cyber risk management plan, please contact us here and we can discuss the best strategy for you for the future.

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