Rise in TikTok-like Data Security Cases Worries US Government

The US government is tracking an increasing number of foreign-linked business transactions that pose potential data risks to national security similar to those raised by TikTok, according to Treasury Secretary Janet Yellen. Yellen reiterated that the Committee on Foreign Investment in the United States will not approve any transaction that undermines national security. Yellen added that Treasury has requested more funds to bolster its own network defenses as she described the agency as a major target for cyberattacks.