Cloud computing industry could lose up to $35bn on NSA disclosures – FT.com

Cloud computing industry could lose up to $35bn on NSA disclosures – FT.com.

The US cloud computing industry could lose between $21.5bn to $35bn in revenues over the next three years as a result of concerns about the National Security Agency’s electronic surveillance programs, according to an independent Washington-based policy think-tank.

They
come amid growing evidence that non-US companies are cancelling
contracts and curtailing their use of US-based cloud service providers
because of their concerns about the extent to which the NSA and other US
law enforcement and national security agencies may be using provisions
in the Foreign Intelligence Surveillance Act (FISA) and Patriot Act to
obtain electronic data from third parties.

Germans’ fear of American spying surges – FT.com.

Some
26 per cent of German managers, IT and security professionals described
the US as a high-risk place for industrial espionage and data theft,
according to the survey commissioned by EY, the consultancy.
This was second only to the 28 per cent of respondents who view China as
a particularly high-risk country for industrial espionage. Russia was
ranked third, with 12 per cent saying it posed a significant risk.
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