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PRISM could cost U.S. cloud companies up to $35B, says think tank

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We keep hearing that the U.S. National Security Agency’s propensity for data collection will hurt American cloud companies. Now, one researcher has put a figure on those losses — $22 billion to $35 billion over the next three years. That’s according to¬†The Informational Technology & Innovation Foundation.

ITIF describes itself as a non-partisan think tank dedicated to promoting policies that advance the use of technology around the world. Honorary board members of the Washington D.C.-based group include California representatives Anita Eshoo and Darrell Issa and U.S. Senators Orrin Hatch and Mark Warner.

2 Responses to “PRISM could cost U.S. cloud companies up to $35B, says think tank”

  1. I can just hope it will be A LOT MORE than that! Maybe that will wake up some – when it hurts their wallet. Human rights, political correctness and common sense just don’t cut it any more theses days …

  2. This needs to be amended to calculate the cloud users that are never coming back after Herr Obama and his crew get their way!

    NSA translates for smart people to:

    No Storage Anywhere!