The end of the digital peace dividend: Why the NSA surveillance leaks could cost U.S. firms billions

It’s long been theorized that the U.S. stands to lose the most from a cyberwar. We have the most technology, and our economy relies more on that technology than any other nation on earth, so we are the most vulnerable. The continuing controversy swirling around the National Security Agency and electronic surveillance is starting to prove this theory — and it’s going to be a costly battle.

If you were making decisions for a foreign company, would you trust Google or Microsoft with your data, knowing what you now know about Prism and other NSA surveillance programs? Using Gmail or Hotmail now seems akin to cc’ing Uncle Sam on every note. How will that impact U.S. tech companies overseas?

According to an estimate by The Information Technology & Innovation Foundation, fear of NSA prying will cost U.S. cloud computing providers between $22-$35 billion during the next three years.

Continue to the original post on Credit.com

Follow on Facebook or Twitter.

About Bob Sullivan 1340 Articles
BOB SULLIVAN is a veteran journalist and the author of four books, including the 2008 New York Times Best-Seller, Gotcha Capitalism, and the 2010 New York Times Best Seller, Stop Getting Ripped Off! His latest, The Plateau Effect, was published in 2013, and as a paperback, called Getting Unstuck in 2014. He has won the Society of Professional Journalists prestigious Public Service award, a Peabody award, and The Consumer Federation of America Betty Furness award, and been given Consumer Action’s Consumer Excellence Award.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.