TikTok agrees to $92M data breach settlement: Users are in for a payday

Millions of TikTok users may be eligible for a payout after TikTok agreed to a $92 million settlement in light of lawsuits over user privacy.

TikTok users may be eligible for a share of $92 million after the social media company agreed to a class-action settlement.

The settlement stems from 21 separate lawsuits accusing TikTok of violating federal and state law by collecting and using the personal data of users without “sufficient notice and consent.”

The company has denied any wrongdoing, but has agreed to settle the suits in order to avoid going to trial, NBC reports.

“While we disagree with the assertions, rather than go through lengthy litigation, we’d like to focus our efforts on building a safe and joyful experience for the TikTok community,” the company said in a statement.

On Monday, TikTok released a notice in its app, directing affected users to TikTokDataPrivacySettlement.com.

According to that website, all persons who reside in the United States and used TikTok prior to Sept. 30 of this year may be entitled to a part of the payment.

Users who live in Illinois may be entitled to six times as much money as non-Illinois residents because the state is the only one in the nation that “allows people to sue companies for violating biometric privacy