Can government regulation fix Facebook's 'data vampire' problem?

After revelations that political consulting firm Cambridge Analytica allegedly appropriated Facebook user data to advise Donald Trump's 2016 U.S. presidential campaign, many are calling for greater regulation of social media networks, saying a'massive data breach' has occurred. The idea that governments can regulate their way into protecting citizen privacy is appealing, but I believe it misses the mark. What happened with Cambridge Analytica wasn't a breach or a leak. It was a wild violation of academic research ethics. The CEO finally broke his silence on the misuse of 51 million users' data Wednesday evening, outlining three steps the firm plans to take to prevent something like this from happening again.