The NSA’s wide-ranging surveillance of people’s communications worldwide is hitting America’s high-tech industry hard, said panelists on Wednesday at a roundtable held by Senate Finance Committee Chairman Ron Wyden in Palo Alto, California. Wyden set the tone from the start: “This is going to cost America jobs.” Several foreign governments are planning to build domestic Internets, and Brazil is concerned about storing data abroad, he added. U.S.-based cloud service providers could lose up to one-fifth of their foreign market share, Wyden said.
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Tech Execs Issue Dire Warnings on Impact of NSA Surveillance
Posted by: Richard Adhikari October 10, 2014 06:41 AMThe NSA’s wide-ranging surveillance of people’s communications worldwide is hitting America’s high-tech industry hard, said panelists on Wednesday at a roundtable held by Senate Finance Committee Chairman Ron Wyden in Palo Alto, California. Wyden set the tone from the start: “This is going to cost America jobs.” Several foreign governments are planning to build domestic Internets, and Brazil is concerned about storing data abroad, he added. U.S.-based cloud service providers could lose up to one-fifth of their foreign market share, Wyden said.