Over the past year since GDPR came into play, there have been a number of high-profile fines for the big tech giants like Facebook, and a growing appetite for regulation of this industry.
These big tech businesses continue to grow more or less exponentially and have a huge amount of influence in all areas of our lives, from politics to news and education to business, and yet we continue to trust them with our data. Even Facebook, which was at the centre of one of the biggest advertising scandals in history, has continued without regulation on its powers but it has a duty of care for its users.
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More regulations please! But why?
I want to highlight why tech regulation is needed for the industry. Should these businesses be able to continue to have such a significant impact on every area of our lives, with little to no punishment for breaches of our trust? Alternatively, do we need to find a new way to regulate the tech sector, to avoid fines that are insignificant in proportion to their revenue?
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