NSA Surveillance May Cost U.S. Tech Companies More than $35 Billion
Two years ago, when Edward Snowden exposed the NSA’s massive surveillance machine it didn’t just make Americans distrust the U.S. government—it also impelled foreigners to shy away from U.S.-made technologies. The result appears to be costly. In fact, a new report from the Information Technology and Innovation Foundation (ITIF), a Washington, D.C., think tank, says the agency’s pervasive digital surveillance will likely cost U.S. companies more than $35 billion in foreign business by 2016.
Phi Beta Iota: Other countries do the same thing — China and Israel, France, Germany, Russia — the US is simply more cavalier and more inept, and now thanks to Edward Snowden, more well known. The combination of NSA's irresponsibility has been compounded by the fiduciary betrayal of the public trust by the CEOs of Dell, HP, IBM, and others now known to have deliberately enabled NSA installation of both software and hardware “back doors” some so infantile they actually made it easier for criminal breaches to occur.
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Cyber-Security @ Phi Beta Iota
