SAN FRANCISCO, CA -- Wells Fargo is directing its employees to delete TikTok from their work phones due to the app's privacy and security concerns.
The nation's fourth-largest bank said the corporate-owned devices should be used for company business only. This comes after Secretary of State Mike Pompeo said the U.S. was considering banning the Chinese-owned video app, which is owned by Beijing tech giant ByteDance.
A spokesperson for the social networking service said "user security is of the utmost importance" to the company.
At a time when many employees, including those at financial institutions, are working from home, cybersecurity is a paramount concern. The United States Senate Federal Credit Union is facing similar challenges with cybersecurity under the pandemic. President and CEO Timothy L. Anderson speaks with 104.7 WONK FM's Jen Richer.
Listen to the full interview here: