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User Spending on TikTok Reaches $10.8 mn in June

Globally, the short video-sharing app has been installed 1.27 billion times so far, according to Sensor Tower

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TikTok
The company's music streaming service is expected to be priced lower than the $10. VOA

User spending on short video-sharing app TikTok reached $10.8 million last month from $1.6 million in June 2018, recording a year-over-year growth of 588 per cent, says a new report from Sensor Tower, a mobile app intelligence firm.

Spending in the app owned by Beijing-based start-up ByteDance increased 19 per cent month-over-month from $9 million in May, said the report.

While India is TikTok’s largest market, the growth in spending was driven by users in China, where gross revenue for the app has increased 271 per cent since January.

“Chinese users accounted for 69 per cent of TikTok’s in-app revenue last month, up from 30 per cent in June 2018,” Sensor Tower Founder Oliver Yeh wrote in a blog post on Monday.

tik tok
“Device Management” feature is an addition to TikTok’s existing suite of 13 safety features. Wikimedia Commons

“Last month’s record spending comes as TikTok is testing several enhancements to its user experience, some inspired by rival Instagram,” Yeh said.

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“TikTok has grossed $113 million from in-app purchased to date, not including spending on third-party Android app stores such as those in China,” he added.

Globally, the short video-sharing app has been installed 1.27 billion times so far, according to Sensor Tower. (IANS)

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Chinese Video-Making App TikTok Faces Security Threats

Available in over 150 markets, used in 75 languages globally, and with over 1 billion users, TikTok is one of the most-downloaded apps

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TikTok
The researchers leveraged this vulnerability in TikTok to retrieve personal information saved on user accounts including private email addresses and birthdates. VOA

 Researchers at Israeli cybersecurity firm Check Point Research on Wednesday exposed multiple vulnerabilities in Chinese short-video making app TikTok, which has over a billion users globally and nearly 300 million in India, saying that personal information such as private and email addresses and sensitive videos of its users are vulnerable to hackers.

The Chinese video making platform is used mainly by teenagers and kids to share, save and keep private (and sometimes very sensitive) videos of themselves and their loved ones.

“Data is pervasive but data breaches are becoming an epidemic, and our latest research shows that the most popular apps are still at risk,” Oded Vanunu, Head of Product Vulnerability Research, Check Point, said in a statement.

The researchers at Check Point Research — the threat intelligence arm of Check Point Software Technologies Ltd — have discovered that an attacker could send a spoofed SMS message to a user containing a malicious link.

When the user clicked on the malicious link, the attacker was able to get a hold of the TikTok account and manipulate its content by deleting videos, uploading unauthorised videos, and making private or “hidden” videos public.

“Social media applications are highly targeted for vulnerabilities as they provide a good source for private data and offer a good attack surface gate.

“Malicious actors are spending large amounts of money and putting in great effort to penetrate into such huge applications. Yet most users are under the assumption that they are protected by the app they are using,” Vanunu added.

The research also found that Tiktok’s subdomain — https://ads.tiktok.com was vulnerable to XSS attacks, which is a type of attack in which malicious scripts are injected into otherwise benign and trusted websites.

The researchers leveraged this vulnerability to retrieve personal information saved on user accounts including private email addresses and birthdates. The Israeli cyber security firm informed TikTok developers of the vulnerabilities exposed in this research and a fix was deployed to ensure its users can safely continue using the TikTok app.

TikTok
Researchers at Israeli cybersecurity firm Check Point Research on Wednesday exposed multiple vulnerabilities in Chinese short-video making app TikTok, which has over a billion users globally and nearly 300 million in India. VOA

“TikTok is committed to protecting user data. Like many organisations, we encourage responsible security researchers to privately disclose zero day vulnerabilities to us.

“Before public disclosure, CheckPoint agreed that all reported issues were patched in the latest version of our app. We hope that this successful resolution will encourage future collaboration with security researchers,” said Luke Deshotels, PhD, TikTok Security Team.

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Available in over 150 markets, used in 75 languages globally, and with over 1 billion users, TikTok is one of the most-downloaded apps. As of October 2019, TikTok is the most-downloaded app in the US, making it the first Chinese app to have achieved such a record. (IANS)