Moffett: Big Tech "one crisis away" from privacy regulation
The tech industry is "one crisis away" from seeing significant privacy legislation out of Congress, according to well-known media and telecom analyst Craig Moffett.
Why it matters: Moffett, founding partner of MoffettNathanson Research, said lawmakers aren't yet motivated enough to act, despite Facebook's data scandal. "If there's another crisis, all bets are off," he said. "I think it's easy to imagine there will be one eventually. But right now, I don't think we're there yet."