By Richard Waters
The US tech industry has failed to appreciate the mounting global concern over its record on online privacy and security and must act fast to prevent deeper damage to its image, Silicon Valley’s top executives and investors have conceded.
The self-criticism, much of it aimed at consumer internet companies such as Google and Facebook, comes as some of the tech sector’s best-known names have been battered by a backlash over revelations of widespread US internet surveillance and concerns about their growing business and cultural dominance.
Google has been most in the line of fire, with the European Commission turning up the heat in a competition case last week and a recent “right to be forgotten” legal ruling forcing it to remove some links from its European search services.
Copyright: Financial Times, 2014.
Full article at: http://www.ft.com/cms/s/0/b9ab8ec2-3c09-11e4-a6ce-00144feabdc0.html