Revelations of N.S.A. Spying Cost U.S. Tech Companies

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    Mar 22, 2014 1:25 PM GMT

    Forrester Research, a technology research firm, said the losses could be as high as $180 billion, or 25 percent of industry revenue, based on the size of the cloud computing, web hosting and outsourcing markets and the worst case for damages.

    The business effect of the disclosures about the N.S.A. is felt most in the daily conversations between tech companies with products to pitch and their wary customers. The topic of surveillance, which rarely came up before, is now “the new normal” in these conversations, as one tech company executive described it.

    “We’re hearing from customers, especially global enterprise customers, that they care more than ever about where their content is stored and how it is used and secured,” said John E. Frank, deputy general counsel at Microsoft, which has been publicizing that it allows customers to store their data in Microsoft data centers in certain countries.
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    Mar 22, 2014 1:42 PM GMT
    It's affecting Britain too. "oops" - the joys of regulatory arbitrage.

    Theresa May summoned the internet giant Yahoo for an urgent meeting on Thursday to raise security concerns after the company announced plans to move to Dublin where it is beyond the reach of Britain's surveillance laws. By making the Irish capital rather than London the centre of its European, Middle East and Africa operations, Yahoo cannot be forced to hand over information demanded by Scotland Yard and the intelligence agencies through "warrants" issued under Britain's controversial anti-terror laws. Yahoo has had longstanding concerns about securing the privacy of its hundreds of millions of users – anxieties that have been heightened in recent months by revelations from the whistleblower Edward Snowden.
  • tj85016

    Posts: 4123

    Mar 22, 2014 2:13 PM GMT
    big deal, they knew exactly what they were doing

    "The senior lawyer for the National Security Agency stated unequivocally on Wednesday that US technology companies were fully aware of the surveillance agency’s widespread collection of data, contradicting months of angry denials from the firms.

    Rajesh De, the NSA general counsel, said all communications content and associated metadata harvested by the NSA under a 2008 surveillance law occurred with the knowledge of the companies – both for the internet collection program known as Prism and for the so-called “upstream” collection of communications moving across the internet."
  • Lincsbear

    Posts: 2613

    Mar 24, 2014 9:35 PM GMT
    The blame game is always amusing and unedifying.

    I think these big companies knew what was going on and cooperated with governments.

    It`s only Edward Snowden`s revelations that have made this surveillance a 'problem'.
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    Mar 24, 2014 11:00 PM GMT
    I am sure that nobody is sorry for anything more than getting caught and getting the spotlight. They knowingly overstepped the constitution and lied about it.
    Mr Snowden is more PATRIOT, in the sense of exposing US government abuse of its citizens.....The NSA needs to be dismantled and those running it prosecuted.icon_twisted.gif