Skip to main content

$92M TikTok Data Breach Settlement Deadline Coming Soon

You didn’t think anything of posting that video on TikTok of you cooking up the famed feta pasta dish or showing off your best moves for the Sun Goes Down Challenge. Just having fun, right?

Well, lawsuits against TikTok claim that the video-sharing social app collected “faceprints” from users without their consent. The collection of data was allegedly used to recommend content and users to follow. Some suits claim that the information was gathered from draft videos never publicly shared.

TikTok denies the allegations but has agreed to a $92 million payout to settle the claim. As of September 2021, TikTok has 1 billion users worldwide.

Claim Deadline Coming Fast

What does this mean for you?

Anyone in the United States who used the TikTok video-sharing app before Oct. 1, 2021, can make a claim to be a part of the $92 million class action settlement against the company.

But hurry. You’ve only got until March 1, 2022 to file your claim.

Users who lived in Illinois during the time specified in the class action lawsuit are eligible for a higher payout than all others. That’s because Illinois is the only state which allows users to sue companies due to biometric privacy laws.

How Much Might TikTok Pay You?

The payout amount is determined by the number of claims submitted, and is likely to be a small amount less than $10.

But, if the claimant total is low, the payout could reach into the hundreds of dollars, especially for those living in Illinois.

Class members will share in what is left over from the $92 million settlement after attorneys’ fees and other expenses are deducted. Thus, class members will receive a proportionate share of the remainder, one share per claim.

Parents can make claims on behalf of their minor children. Illinois residents can receive six shares per claim.

According to NBC News, if everyone who can submit a claim does so, each share would only be worth 96 cents and Illinois residents would receive approximately $5.75. However, it is nearly impossible for every class member to file a claim, so that the share amount increases with each member who does not file.

If only 20 percent of class members submit claims, each share would be worth $4.79 and Illinois residents would receive $28.75. As the percentage of claims drops, the value of each share rises.

Payments will be made only after the court grants final approval of the settlement at a hearing scheduled for May 18. If the court approves the deal, payments will be made through PayPal, Venmo or prepaid Mastercards.

What Are the Claims Against TikTok?

The class action lawsuit against TikTok Inc. claims that the company collected and used users’ personal data collected with biometric facial recognition technology without the proper notice or consent, which violates state and federal law.

The class action suit combined 21 lawsuits against the company, including some suits filed on behalf of minors who used the video-sharing app and claimed their personal data was harvested without their permission. The suits alleged that some personal data was mined from draft videos that were never shared.

TikTok and its co-defendants deny any allegations of wrongdoing but settled the class action lawsuit in order to avoid further legal fees or uncertain court findings.

The companies that were sued were TikTok Inc., (formerly Musical.ly Inc.); Byte Dance Inc.; Musical.ly, which is now TikTok Ltd.; and Beijing ByteDance Technology Co. Ltd.

According to NBC News, the suits filed in U.S. District Court in Illinois alleged TikTok uses a “complex system of artificial intelligence to recognize facial features in users’ videos” and it analyzes faces to “determine the user’s age, race/ethnicity, and gender … to recommend content and profiles for the user to follow.”

All of this was obtained improperly according to Illinois’ Biometric Information Privacy Act, which guarantees people the right to take action against companies that collect biometric data without consent.

Under the settlement, TikTok will delete certain user data collected through biometric technology. It has agreed to stop recording users’ facial features and other biometric information, will stop tracing user location with GPS, stop collecting information from draft videos and will no longer transmit data outside the United States unless it discloses its intentions to do so in its privacy policies.

More Class Action Settlements

Thousands of class action lawsuits are filed in the United States every year, and potential class members are often unaware they exist or that they can make a claim.

Top Class Actions offers information on all the class action lawsuits filed and provides links to the claim forms necessary to participate.

Comments

Popular posts from this blog

TikTok Personal Finance Trends Debunked

If you spend any time on TikTok, you’ve probably seen financial advice in many forms from investing to savings hacks. While some of the advice is good, some of it is bad and most of it is surprisingly entertaining. We’ll help you figure out which is which, so you can ensure your money is in the right places. Shouldn’t use: Investing advice A 2020 study from startup Paxful found that 64% of the misleading personal finance videos posted on TikTok mentioned investing in an individual company, like Tesla, Amazon or Alphabet.  Many TikTokers also advocate for day trading, which means buying and selling stocks that day. While it’s possible to make money by stock picking and day trading, it’s much easier to lose money. If you manage to sell stocks for a profit, you have to set aside a portion for capital gains taxes . These are often excluded from the conversation. This can result in a surprise tax bill for investors. Many TikTok influencers also tout various cryptocurrencies as a...

How to Ask Your Manager for Feedback (& easily impress them)

Your manager is either your greatest friend, or your biggest obstacle. No matter where your manager stands on this spectrum, getting feedback from them is going to be a valuable resource for your professional growth so this is something you should be doing consistently at work if you want to get more promotions and raises. […] Source from I Will Teach You To Be Rich https://ift.tt/XNUxhGu

Best Crypto Sign-Up Bonuses and Promotions

Many cryptocurrency exchanges offer sign-up bonuses to draw potential customers. You can receive free Bitcoin or funds you can use to purchase your preferred altcoin, depending on the offer. The terms and conditions vary, from the bonus amounts to the qualifying criteria. Most exchanges will pay you a few dollars for completing your first trade. However, the more valuable promotions may allow you to receive up to $500 or more, in line with many stock brokerage bonuses . Here is a list of the sign-up bonuses covered in this article: Binance.US : $10  Coinbase: $5 Crypto.com : $50 eToro: $10 Gemini: $10 KuCoin: Up to $500 Phemex: Up to $6,500 Plynk: Up to $100 SoFi : Up to $100 Tastytrade : Up to $2,000 TradeStation : $150 Table of Contents Best Crypto Sign-Up Bonus Offers Binance.US Coinbase Crypto.com eToro Gemini   KuCoin Phemex Plynk SoFi Tastytrade TradeStation FAQs What Is the Best Crypto Sign-Up Bonus? Best Crypto Sign-Up Bon...