The NSA Leaks Are Starting To Hit The Bottom Lines Of Tech Companies

[Katashi_itto]

Last edited Thu Sep 12, 2013, 11:37 AM - Edit history (1)

Revelations about vast US data collection programs are starting to hit American tech companies, which are ramping up pressure for increased transparency to try to mitigate the damage.

An industry group, the Cloud Security Alliance said last month that 10 percent of its non-US members have cancelled a contract with a US-based cloud provider, and 56 percent said they were less likely to use an American company.

A separate report this month by the Information Technology & Innovation Foundation, or ITIF, a Washington think tank, said US cloud providers stand to lose $22 billion to $35 billion over the next three years due to revelations about the so-called PRISM program.

Daniel Castro, author of the report, says a loss of trust in US tech firms could lead to "protectionist" measures that hurt the fast-growing cloud sector.

"The risk is that a country like Germany will say you have to be a German company to provide data services in Germany," Castro told AFP.

Read more: http://www.businessinsider.com/prism-the-nsa-leaks-are-starting-to-hit-the-bottom-lines-of-tech-companies-2013-8#ixzz2egqfm3zv


http://www.businessinsider.com/prism-the-nsa-leaks-are-starting-to-hit-the-bottom-lines-of-tech-companies-2013-8

[jsr]

1. The cloud is the NSA

for all intents and purposes.

[hlthe2b]

2. The cost of making the US, a surveillance state...and ignoring our consitution and principles...

Since the concerns of the millions of "little people", go unheeded, perhaps the corporate masters will have more impact. Should be interesting to see...

[marmar]

3. Just a heads-up, when posting an article.....

....... you should post no more than four paragraphs and link to the rest.

[cascadiance]

4. Yeah, the copyright police will protect others' rights there...

... even though the NSA says we have no ownership or rights to protect our own private information online. That irony to me that patents and copyrights that have the wealthy class's interest ARE protected online in virtual space but our private information that they find other ways to protect for themselves with their own private info isn't.

That being said, yes we should respect the fair use doctrines to help copyright holders as many of them are average joes like us trying to make an honest living in journalism, and we make more of a case to ask for respect for our online private information if we respect those rules that protect copyrights and patents too.

[Katashi_itto]

5. thanks! will fix

[dballance]

6. I intentionally use anti-virus software written by a non-US company

It's bad enough I have to use Windows and Google because of work and software that is not available on OSX or LINUX. I do intentionally use F-Secure anti-virus software instead of anything written by a US company. I rather feeble measure overall.

It's not like I deal in child porn or am plotting the overthrow of the government anyway. I'm pretty boring and average.

[Katashi_itto]

7. I do too, anything to make NSA burn processing time, even if its just a few extra milliseconds.

[devils chaplain]

8. GOOD. That's the only way anything ever changes, although I doubt it will...

... change anything here anyway, at least not for long. The NSA clearly feels it is entitled to absolute omniscience by any means necessary.