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LONDON - NCC Group (LON:NCCG), a global cyber security firm, has secured a three-year contract extension with social media giant TikTok to continue its role in Project Clover, an initiative aimed at bolstering data security for TikTok's European users. The announcement comes after a successful initial year of collaboration between the two companies.
Project Clover, which aims to set a new benchmark for data security, involves TikTok investing €12 billion over ten years in data security measures for users in the European Economic Area, Switzerland, and the United Kingdom (TADAWUL:4280). The project underscores TikTok's commitment to exceed regulatory requirements and establish a 'gold standard' in data protection, potentially influencing industry-wide security practices.
Under the extended agreement, NCC Group will persist in ensuring the privacy and security of TikTok's European user data, which covers approximately 175 million users. The cybersecurity firm will also continue to test and implement advanced Privacy Enhancing Technologies (PETs) as part of its strategy to safeguard user data.
Stephen Bailey, Global Director of Privacy at NCC Group, expressed that the work conducted under Project Clover could serve as a model for industry peers and regulators in the future. He highlighted the significance of TikTok entrusting a third-party security provider with such a high level of responsibility and independence.
Mike Maddison, CEO of NCC Group, praised Project Clover as a testament to the company's capability to deliver top-tier cybersecurity on a global scale. He emphasized the collaborative and innovative approach taken to tackle complex security challenges.
Christine Grahn, Head of Public Policy for Europe at TikTok, lauded the progress made in the partnership, including continuous monitoring of additional security gateways around European user data. She anticipates setting new industry standards for data security with NCC Group over the next three years.
This extension reflects a growing trend of technology companies investing heavily in data security and privacy, acknowledging the importance of user trust in the digital era. The information is based on a press release statement.
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