A class-action lawsuit had accused the social media network of allowing third parties, including Cambridge Analytica, to access users' private data.
ByteDance employees accessed the data as part of an unsuccessful effort to investigate leaks of company information earlier this year, the company said.
The new pact, which still needs to be finalised, will almost certainly face intense legal scrutiny that began after revelations by Edward Snowden of mass digital spying by US agencies.
The initiative urges countries to oppose mass surveillance against other states and calls on tech companies not to install backdoors in their products and services to illegally obtain users’ data.
Observers fear intermediary rules that include proactive monitoring, user verification and tight timelines that dictate how quickly a company should take down material authorities deem questionable.
Google lacked transparency and clarity in the way it informs users about its handling of personal data and failed to properly obtain their consent for personalised ads, says France's data protection watchdog.
The new regulations that give users more control over what personal information is on the internet, hit an early hitch as several major US news websites were blocked to European users.
The EU's General Data Protection Regulation (GDPR) is the biggest overhaul of personal data privacy rules since the birth of the internet.
Turkish Justice Minister says investigation to determine cause of data leak containing personal information of nearly 50 million Turkish citizens starts
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