Box CEO: Most internet users will ditch privacy for online services
Exec claims introduction of Californian privacy act won't have much of an impact on businesses
Most people will trade their private data to continue using digital services like Google, Box CEO Aaron Levie said on Thursday.
He said the legislation will have "huge business-model implications" for internet companies who rely on user data to sell advertisements, especially if a similar law were enacted nationwide. But he added that laws of these sorts probably wouldn't have a major impact on companies, except compliance costs.
The California Consumer Privacy Act is new legislation that came into effect on New Years Day. It's designed to improve the rights and protections afforded to data subjects residing in the US state.
It's considered to be one of the most progressive and strictest data protection laws in US history, mirroring many of the protections provided to EU residents under the GDPR. Its aim is to improve how much control data subjects have over their data and force more transparency from companies that process personal information.
"I do think actually this is going to cause the ultimate test for consumers, to really make the decision and say, 'Is the value we're getting from these services worth possibly some of the data we're giving up?'" said Levie.
"And generally, I think that most consumers will make that trade, because of the fact that these experiences we're getting and the consumer applications we're using do bring a lot of value to our lives."
While services like Google and Facebook do bring value to users, the exchange of personal data for them has always brought up issues of privacy violations, many of which bleed into human rights cases.
In November, Amnesty International claimed mass harvesting of data by the 'big five' companies – Facebook, Amazon, Apple, Microsoft, and Google – was violating people's right to privacy, and restricted freedom of expression.
2023 Strategic roadmap for data security platform convergence
Capitalise on your data and share it securely using consolidated platformsFree Download
The 3D trends report
Presenting one of the most exciting frontiers in visual cultureFree Download
The Total Economic Impact™ of IBM Cloud Pak® for Watson AIOps with Instana
Cost savings and business benefitsFree Download
Leverage automated APM to accelerate CI/CD and boost application performance
Constant change to meet fast-evolving application functionalityFree Download