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. 

Levie made the comments after being asked about the newly enforced California Consumer Privacy Act on CNBC's Closing Bell

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.

Featured Resources

Digital document processes in 2020: A spotlight on Western Europe

The shift from best practice to business necessity

Download now

Four security considerations for cloud migration

The good, the bad, and the ugly of cloud computing

Download now

VR leads the way in manufacturing

How VR is digitally transforming our world

Download now

Deeper than digital

Top-performing modern enterprises show why more perfect software is fundamental to success

Download now

Recommended

Webhose and Signal Corp boost data breach detection
Security

Webhose and Signal Corp boost data breach detection

7 Oct 2020
What is EU-US Privacy Shield?
safe harbour

What is EU-US Privacy Shield?

20 Jul 2020
What is the California Consumer Privacy Act (CCPA)?
Network & Internet

What is the California Consumer Privacy Act (CCPA)?

1 Jul 2020
ICO to relax GDPR enforcement during coronavirus economic downturn
General Data Protection Regulation (GDPR)

ICO to relax GDPR enforcement during coronavirus economic downturn

16 Apr 2020

Most Popular

The top 12 password-cracking techniques used by hackers
Security

The top 12 password-cracking techniques used by hackers

5 Oct 2020
iPhone 12 lineup official with A14 Bionic chip and 5G support
Mobile Phones

iPhone 12 lineup official with A14 Bionic chip and 5G support

13 Oct 2020
Google blocked record-breaking 2.5Tbps DDoS attack in 2017
Security

Google blocked record-breaking 2.5Tbps DDoS attack in 2017

19 Oct 2020