Facebook recently came under fire when it was discovered that the data of 87 million Facebook users were harvested by a political consulting firm, Cambridge Analytica. On April 10, Robert Herjavec spoke to CNBC about the possibility of a federal data protection law being introduced by the U.S. government as a result of Facebook CEO Mark Zuckerberg’s testimony before members of US Congress.
Within the conversation, Robert discussed:
- How the potential data privacy law would mimic the EU’s General Data Protection Regulation (GDPR)
- The impacts of governmental regulations on innovation
- Whether companies should pay a penalty for not providing adequate protection for consumer data protection
“It is the role of the government to protect our privacy,” Robert Herjavec states.
View the full interview with CNBC below: