Cambridge Analytica is a political consulting firm that gained access to data on over 50 million Facebook users. Although the news of this has just surfaced, Facebook has known about this since 2015. There was no hacking or illegal methods involved as Cambridge collected this data. Public trust in Facebook’s ability to keep data safe is obviously at an all time low, and the business side of things is feeling that effect. Facebook lost about $75 billion in market capitalization and shares have fallen 13.9% since the story broke. Elon Musk took action by deleting the Facebook pages of his Tesla and SpaceX companies. Now there are serious talks about government oversight and regulation, something Facebook has been able to escape throughout its lifespan. Even Mark Zuckerberg has been quoted in this article saying regulations may be the way to go.
Do you think government regulation in technology is necessary/needed? How would regulations change the business environment for tech companies whose core business lies with data collection?
Do you believe Facebook will overcome this? Does Facebook hold too much power over its users? Why would Facebook hold this information from the public for three years, including a presidential election?
By the end of February 2018, five of the most valuable companies in the United States are all technology firms. Apple, Google, Microsoft, Amazon and Facebook have pushed out ExxonMobil, Berkshire Hathaway and General Electric within the last five years. As tech companies continue to grow and expand, future business leaders see how technology is going to play a huge role in companies. The article states that, “20% of the Harvard MBA Class of 2018 secured internships with tech companies, and a record 25% of Northwestern’s Kellogg MBAs accepted positions in the technology industry in 2017.” Some of the most well known universities are changing their curriculum in their business schools to adapt to the increasing presence of technology in companies. As AI and digitalization continue to develop in consumers’ daily lives, the ability to interact with, and have knowledge of, technologies proves to be extremely valuable in today’s job market.
Think about the MIS program at Temple: How has it changed since you first became involved in the major at Temple? Based off of your own observations, and by talking to fellow peers in other majors, do you think the Fox School has done a good job providing all majors with exposure to technology that can potentially disrupt that specific business function? As an MIS major, are you excited about the potential opportunities we will be given due to our knowledge in business and technology?
Cyberwarefare has been in the news for the past decade, mainly pertaining to big network hacks of companies and countries. However, a new method of hacking has emerged. Drones mounted with computers have made their way into the skies. These drones are designed to penetrate both mobile and Wi-Fi networks. Any device connected to said network has the potential of being hacked. Think about both civilian and military uses. The article notes that these types of drones are likely to be hacked out of the sky with the correct technologies.
How can this technology be helpful, and how could it pose a threat? What are some ways that this problem can be prevented? Could anti-drone products make their way into the civilian market?