FMP

FMP

TikTok Under Attack: Short Video App Battles Cyber Assault

-

twitterlinkedinfacebook
blog post cover photo

Image credit: Alexander Shatov

Popular short video platform TikTok is fending off a cyberattack that targeted brand and celebrity accounts, including news giant CNN.

  • Breaches and Backlash: The attack compromised a "very small" number of accounts, according to TikTok. They're working to restore access and bolster security for affected users, like CNN. Reality TV personality Paris Hilton was reportedly a target but her account remains secure.
  • National Security Concerns Loom Large: This incident comes amidst an ongoing battle between TikTok's parent company ByteDance and the US government. The US is pressuring ByteDance to sell TikTok over national security concerns, fearing Chinese access to user data.
  • TikTok's Defense: ByteDance is challenging the forced sale in court, insisting they wouldn't share user information with China. Additionally, TikTok highlights its efforts to safeguard user privacy.

This situation underscores the growing challenge of cybersecurity, especially for social media platforms. As the investigation unfolds, it will be interesting to see how TikTok manages this issue and navigates the complex US-China tech landscape.

Confused by stock market jargon? Our Key Metrics API cuts through the noise! Get the key numbers on any public company: revenue, profit, and price-to-earnings ratio. See how they stack up against the competition. Stop guessing and start making smarter investment decisions with real data. Dive deeper: [https://intelligence.financialmodelingprep.com/documentation#statement-analysis].

Other Blogs

Nov 22, 2024 5:08 AM - Parth Sanghvi

Fundamental Analysis: Principles, Types, and How to Use It

Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...

blog post title

Dec 17, 2024 8:58 AM - Sanzhi Kobzhan

Examining Tesla’s Financial Health Using FinancialModelingPrep’s Ratios API

Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...

blog post title

Dec 22, 2024 7:59 AM - Sanzhi Kobzhan

Two great Software Platform Stocks Similar to Palantir (PLTR)

When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...

blog post title