Wednesday, December 18, 2013

NSA Spying Costing US Companies $35 Billion In Lost Revenue

From Bloomberg, "NSA Fallout Tests Obama Relationship With Tech Companies" by Margaret Talev and Chris Strohm:
For the companies, it’s a matter of the bottom line.

“They see real risk to their market share,” said James Lewis of the Center for Strategic and International Studies in Washington. “You’ve got German, Chinese even Russian companies saying ’Hey, buy from us, that way you won’t be at risk.’ It’s crazy. That’s what this has become -- an opportunity for commercial advantage as well as an uproar over privacy.”

Costing Business

Reports about U.S. spying abroad may cost U.S. companies as much as $35 billion in lost revenue through 2016 because of doubts about the security of their systems, according to the Information Technology & Innovation Foundation, a policy research group in Washington.

No comments:

Post a Comment