They might be willing to partner if NYU is willing to indemnify Facebook against any and all liabilities which may result. How likely is NYU to take on that risk? Why should we expect Facebook to take on the risk for NYU?
I don't really have a view on that, but I think researchers and universities should be held fully liable for the harms they cause, that way, they'll be more careful.
Some research just isn't worth the risk, but as an outsider, I'm not in a place to make that judgement. NYU could also insure against data breaches; in that case, we might get some good security audits.
Hang on. The whole chain of reasoning started with FB protecting users' interests through the permission system, which NYU ostensibly circumvented. How is it in the users' interests to indemnify Facebook?
If NYU internalizes the cost of all breaches (by indemnifying FB against harm), they will be very careful with the data, and prevent another Cambridge Analytica problem.