Apple's Tim Cook calls for regulation on data, says Facebook incident is 'dire'

Apple CEO Tim Cook called for stronger privacy regulations to prevent the abuse and misuse of data on Saturday in the aftermath of the leak of Facebook user information.

Speaking at the annual China Development Forum in Beijing, which he co-hosted, Cook called for “well-crafted” regulations to prevent the information of users being put together and then utilized in ways that they did not know about or approve of.

Cook’s statement will add to the mounting scandal hitting Facebook, which has pushed its stock price down 14 percent, and the growing pressure on co-founder Mark Zuckerberg to testify in public and overhaul its privacy protocol with app developers following revelations that his company allowed a firm paid by the Trump campaign, Cambridge Analytica, to amass personal data on 50 million users.

“I think that this certain situation is so dire and has become so large that probably some well-crafted regulation is necessary,” Cook said after being asked if the use of data should be restricted in light of the Facebook incident.

Apple Inc's Chief Executive Officer Tim Cook speaks at the China Development Forum in Beijing, China March 24, 2018. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT. - RC1EDDC76DC0

Apple CEO Tim Cook speaks at the China Development Forum in Beijing on Saturday.  (Reuters)

ELON MUSK YANKS SPACEX AND TESLA'S FACEBOOK PAGES

He continued: "The ability of anyone to know what you’ve been browsing about for years, who your contacts are, who their contacts are, things you like and dislike and every intimate detail of your life—from my own point of view it shouldn’t exist.”

The Apple chief executive said his company had long worried that users were giving up access to information without realizing the ramifications of how the data could be used.

The building housing the Cambridge Analytica office is seen in central London, Britain March 23, 2018.  REUTERS/Hannah McKay - RC11419F0E00

The office of Cambridge Analytica, which is embroiled in a scandal involving the data of 50 million Facebook users, is seen in London.  (Reuters)

“We’ve worried for a number of years that people in many countries were giving up data probably without knowing fully what they were doing and that these detailed profiles that were being built of them, that one day something would occur and people would be incredibly offended by what had been done without them being aware of it,” he said, reports Bloomberg. “Unfortunately that prediction has come true more than once.”

Even after Zuckerberg's belated apology and statement that he'd be willing to testify before lawmakers, the controversy has continued to rage, with Tesla CEO Elon Musk recently pulling his company's pages off of Facebook, new questions being raised about how the incident unfolded and some users pondering alternatives to the popular social network. 

Facebook took out full page advertisements in nine major British and U.S. newspapes on Sunday to apologize for the data privacy scandal, saying "We have a responsibility to protect your information. If we can't we don't deserve it."

Christopher Carbone is a reporter for FoxNews.com. Follow him on Twitter @christocarbone.