Data Privacy Increasingly a Focus of National Security Reviews
Oracle’s bid to partner with TikTok app may not be a standard-issue business deal, but it’s increasingly the sort of arrangement that undergoes a national security review.
Treasury Secretary Steven Mnuchin said Monday that the Oracle bid would be reviewed by the Committee on Foreign Investment in the U.S., a national security panel that is best known for reviewing outright foreign takeovers of U.S. companies.
The Oracle deal, by comparison, involves an arrangement with TikTok to move data on American users to Oracle’s cloud-computing infrastructure in the U.S. to prevent it from being shared with the Chinese government.
Source: Data Privacy Increasingly a Focus of National Security Reviews – WSJ
