Recently, news of a TikTok agreement valued at $92 million has been making headlines. The deal was struck between the popular social media app, TikTok, and the Federal Trade Commission (FTC) over alleged violations of children`s privacy laws.

The agreement stems from accusations that TikTok knowingly collected personal information from children under 13 without obtaining parental consent, as required by the Children`s Online Privacy Protection Act (COPPA). The FTC investigation found that TikTok had been aware of this for over a year before taking any action to address the issue.

Under the terms of the TikTok agreement, the social media giant has agreed to pay a record-breaking $5.7 million fine to the FTC – the largest ever levied for a COPPA violation. Additionally, TikTok will be required to implement several measures to ensure better compliance with COPPA guidelines in the future.

One such measure includes creating a separate section of the app specifically for children under 13, which will be subject to stricter privacy controls and content restrictions. TikTok will also be required to obtain parental consent before collecting any personal information from minors, and will have to delete any data collected from children who have since turned 13.

Furthermore, the TikTok agreement will also require the app to develop a comprehensive privacy program and designate an employee to oversee its implementation. This program will need to be reviewed and updated on an annual basis to ensure continued compliance with COPPA guidelines.

The TikTok agreement is a significant development in the ongoing debate over children`s privacy on social media. With the popularity of apps like TikTok only continuing to grow, it is crucial for companies to prioritize the safety and privacy of their youngest users. By agreeing to pay a significant fine and implement stricter measures to protect children`s data, TikTok has taken an important step towards meeting this responsibility.

However, it is important to note that the TikTok agreement is just one part of a larger conversation about online privacy and the collection of personal data. As social media continues to play a significant role in our daily lives, it is essential for both companies and consumers to remain vigilant about protecting personal information and upholding privacy rights.