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ITIF quantifies cost of NSA disclosures to US business

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 10 Sep 13 1:47 AM | 48 view(s)
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"Companies offering cloud services -- in which businesses pay a third party to provide databases, storage and computing power -- may lose as much as $35 billion by 2016 as foreign companies avoid U.S. solutions because of the fear the NSA may have access to the data, according to a study released last month by the Information Technology & Innovation Foundation.

“This is a hugely disappointing revelation,” Daniel Castro, author of the Washington-based group’s study, said in an e-mail. “This most recent news will certainly contribute to the perception that U.S. Internet companies cannot be trusted.” "

http://www.bloomberg.com/news/2013-09-06/nsa-code-cracking-puts-google-yahoo-security-under-fire.html




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