LET IT HAPPEN.
LOU: THE EUROPEAN UNION LOOKING
INTO FINING FACEBOOK FOR MORE
THAN A BILLION DOLLARS AFTER
THAT RECENT CYBERATTACK, 50
MILLION USERS DATA TAKEN IN THAT
ATTACK.
IRELAND'S DATA PROTECTION
COMMISSION IS DEMANDING FOR
INFORMATION FROM FACEBOOK ABOUT
THE SCALE OF THE DATA THEFT AND
THE CYBERATTACK, IN WHICH YOU
RESIDENTS WERE VICTIMIZED IN THE
ATTACK.
FACEBOOK CEO MARK ZUCKERBERG
SAYING THE COMPANY TAKES THE
BREACH VERY SERIOUSLY.
YOU WOULD THINK THEY WOULD TAKE
IT SERIOUSLY.
50 MILLION PEOPLE'S PERSONAL
DATA STOLEN IN A CYBERATTACK AND
FACEBOOK STILL DOESN'T KNOW WHO
IS BEHIND THE HACK AND WE
HAVEN'T BEEN REALLY GIVEN TOO
MUCH INFORMATION ABOUT THE TIME
LINE, WHEN THE ATTACK OCCURRED,
WHEN FACEBOOK FOUND OUT, AND HOW
THEY NOTIFIED 50 MILLION PEOPLE.
JOINING US TONIGHT CYBERSECURITY
EXPERT MORGAN WRIGHT, AND IT'S
GREAT TO SEE YOU, MORGAN, THANKS
FOR BEING WITH US
>> YOU BET, LOU.
LOU: THERE IS SUCH ARROGANCE ON
THE PART OF THESE BIG TECH
FIRMS, SOCIAL MEDIA, IT IS
REALLY REPULSIVE TO HEAR
ZUCKERBERG BILLIONAIRE SAYING
FACEBOOK'S TAKING THIS
SERIOUSLY?
REALLY?
THEY HAVE TO SAY THAT.
MY GOSH.
>> YOU KNOW WHAT STRIKES MORE
FEAR INTO THE HEART OF MARK
ZUCKERBERG THAN BATMAN, THE GDPR
AND IRISH DATA PROTECTION
COMMISSION BECAUSE NOW THEY ARE
GOING TO HIT THESE COMPANIES
WHERE IT HURTS THE MOST AND
THAT'S FINANCIALLY.
ALL THESE COMPANIES WANTED TO BE
GLOBAL.
IN YOUR LAST SEGMENT YOU WERE
TALKING TO BURGESS ABOUT THE
GLOBALISM.
LOU: THAT WAS A GREAT POINT.
BURGESS, I MEAN HE NAILED THAT.
>> HE NAILED IT.
THAT TRANSLATES INTO THE
BUSINESS ENVIRONMENT.
ALL THESE COMPANIES WANT TO BE
GLOBAL.
GUESS WHAT?
NOW YOU HAVE TO PLAY -- THE
BASELINE BECOMES THE STRICTEST
SET OF RULES THAT ARE OUT THERE
AND THE PEOPLE WHO HAVE THEM ARE
THE EU.
THEY HAVE TEETH BEHIND THESE
RULES TO WHERE NOW THE DATA
PROTECTION COMMISSION, THIS
LITTLE AGENCY IN IRELAND NOW IS
GOING TO BRING FACEBOOK TO THE
EU AND SAY SHOW US THE
INFORMATION AND WE'LL DECIDE IF
WE'RE GOING TO FINE YOU 1.6
BILLION DOLLARS OR NOT.
LOU: MEANWHILE, WE HAVE THE CEO
OF GOOGLE TELLING BASICALLY ALL
OF CONGRESS GO TO HELL, SHOW UP
AND I WILL TALK WITH YOU
PRIVATELY AND MAYBE WE'LL TALK
SOMETIME LATER.
YOU'VE GOT THE CHAIR OF FACEBOOK
SAYING WE'RE TAKING IT
SERIOUSLY, WHEN OBVIOUSLY IT'S
THE OPPOSITE.
OR 50 MILLION PEOPLE WOULDN'T
HAVE THEIR USER DATA -- THEIR
PERSONAL DATA STOLEN IN A
CYBERATTACK BY FACEBOOK KNOWS
NOT WHO.
>> WELL, YOU KNOW, AND LOU, THE
OTHER THING TOO ABOUT THIS, IT
JUST WASN'T FACEBOOK DATA.
THE WAY THEY WORK IS THEY HAVE
WHAT THEY CALL SINGLE SIGN ON
WHICH MEANS YOU CAN USE FACEBOOK
TO SIGN INTO OTHER SERVICES.
NOT ONLY WAS IT AFFECTED BUT IF
YOU SIGNED INTO THREE OR FOUR
OTHER SITES USING YOUR FACEBOOK
CREDENTIALS YOU MAY HAVE HAD
YOUR INFORMATION STOLEN FROM
THOSE OTHER SITES AS WELL.
IT WASN'T FACEBOOK ALONE.
LOU: THAT'S WHY I SAID USER
FACEBOOK DATA BECAUSE OF THAT
POTENTIALLY.
>> YEAH.
LOU: ALL WE'RE GOING TO HEAR NOW
FROM SILICON VALLEY IS NO
REGULATION, NO ACCOUNTABILITY OF
ANY KIND.
THEY ARE SPENDING A FORTUNE TO
MAKE CERTAIN THAT THEY REMAIN
MONOPOLISTIC, FOR EXAMPLE,
GOOGLE SPENDING REPORTEDLY TENS
OF BILLIONS OF DOLLARS TO DO SO.
THE OTHER COMPANIES I'M SURE ARE
DOING SOCIAL MEDIA COMPANIES ARE
DOING THE SAME.
>> RIGHT.
LOU: WHAT CAN BE DONE TO BRING
THEM UNDER CONTROL AND TO
PROTECT THE RIGHTS OF CITIZENS?
BY THE WAY THEY ARE CITIZENS,
NOT JUST CONSUMERS THAT WE HAVE
TO SAY THAT FOR THE BENEFIT OF
THE TITANS OF SILICON VALLEY?
>> YOU KNOW, RECENTLY I WROTE AN
ARTICLE FOR THE HILL TALKING
EXACTLY ABOUT THIS, AND NOBODY
KNOWS WHAT THEIR CONSUMER RIGHTS
ARE, THEIR DATA PROTECTION
RIGHTS ARE EXCEPT THE EU.
I WILL TELL YOU THE OTHER THING
THAT I THINK WILL STRIKE FEAR IN
THE HEARTS OF THESE GUYS IS A
GENTLEMAN WHO ORIGINALLY CREATED
THE WORLDWIDE WEB THAT RUNS ON
THE INTERNET.
HE IS NOW SAYING IT IS TIME TO
TAKE BACK CONTROL OF OUR DATA.
HE'S BUILDING A SYSTEM, AND I'VE
SEEN PART OF THIS NOW TO WHERE
IT'S LIKE YOU ACTUALLY CONTROL
AND OWN YOUR DATA.
NOBODY ELSE OWNS IT BUT YOU
STILL GET THE SAME
FUNCTIONALITY.
LOU: SHOULD THIS START WITH THE
FCC, CONTEMPORANEOUSLY WITH
CONGRESS?
>> IT NEEDS TO START SOMEWHERE,
BECAUSE LOU USUALLY THERE ARE
THREE PHASES.
LITIGATION, REGULATION,