Other countries’ concerns over U.S. government surveillance programs likely will cost American businesses more than $35 billion, according to a report released Tuesday by the Information Technology & Innovation Foundation. Originally it was thought that the fallout from Edward Snowden’s revelations of U.S. mass surveillance programs would be limited to cloud service providers, but the impact has reached beyond that sector. “Since then, it has become clear that the U.S. tech industry as a whole … has underperformed,” says the report.
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US Snooping Costs High-Tech Sector $35B and Counting
Posted by: John P. Mello Jr. June 10, 2015 03:14 PMOther countries’ concerns over U.S. government surveillance programs likely will cost American businesses more than $35 billion, according to a report released Tuesday by the Information Technology & Innovation Foundation. Originally it was thought that the fallout from Edward Snowden’s revelations of U.S. mass surveillance programs would be limited to cloud service providers, but the impact has reached beyond that sector. “Since then, it has become clear that the U.S. tech industry as a whole … has underperformed,” says the report.