Eight major tech companies, including Apple, Facebook, Twitter and Google, issued an open letter to President Obama arguing for reforms in the ways the the U.S. spies on its own people. While the companies said they sympathized with national security concerns, they also think that these spying laws should be better tailored to individual rights.

“The balance in many countries has tipped too far in favor of the state and away from the rights of the individual — rights that are enshrined in our Constitution,” the letter said. “This undermines the freedoms we all cherish. It’s time for a change.”

While the letter comes as a response to revelations about NSA spying tactics, the letter was aimed at governments across the globe. The letter called for authorities to make their intelligence efforts more transparent and accountable.

Governments around the world that were taken aback at the extent of U.S. spying welcomed the campaign, although many added that they think the Silicon Valley giants were worried less about privacy, and more about profits.

As the privacy/security debate rages on, what are your thoughts about this campaign? Should privacy be valued over security?