We must avoid a hasty regulatory response to the Cambridge Analytica scandal

We must avoid a hasty regulatory response to the Cambridge Analytica scandal

6 years ago
Anonymous $gIi3-PxxKB

http://tech.newstatesman.com/guest-opinion/regulatory-response-cambridge-analytica

There are 220,000 digital businesses in the UK and yet, every conversation on how best to regulate the sector in the wake of the Cambridge Analytica revelations have centred around one company – Facebook. This risks putting the UK’s position as a leading digital economy in jeopardy. Not just from the potential knock to public trust in the sector as a result of recent events, but just as significantly from politicians that overreact to them.

So far this year, we’ve had leaders across the globe queuing to offer up their own critique of the sector. From Theresa May’s speech at Davos in January, to last week’s commitment by DCMS Secretary Matt Hancock to “a new settlement” with big tech companies. From Donald Trump’s tweets bashing Amazon, to Tim Cook’s harsh words for Mark Zuckerberg.