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US Tech Companies Expected To Lose More Than $35 Billion Over NSA Spying
Patrick O'Neill writes: Citing significant sales hits taken by big American firms like Apple, Intel, Microsoft, Cisco, Salesforce, Qualcomm, IBM, and Hewlett-Packard, a new report says losses by U.S. tech companies as a result of NSA spying and Snowden's whistleblowing "will likely far exceed" $35 billion. Previously, the Information Technology and Innovation Foundation put the estimate lower when it predicted the losses would be felt mostly in the cloud industry. The consequences are being felt more widely and deeply than previously thought, however, so the number keeps rising.
Key difference: the Chinese don't, generally speaking, have the power to kick in my door here in the USA (or for that matter in most places outside of China). The USA has, on the other hand, demonstrated both the ability and willingness to vanish people to "black sites" without any regard for what most people would recognize as due process.
Lacking <sarcasm> tags,
They can do that in china not so much the rest of the world. So for most there is little fear from the Chinese government. Primary issue would be industrial spying.
No sir I dont like it.
Does the leak actually count as part of the cause?
That depends. Do you blame the police for reducing the GDP when the bust some large drugs operation?
My take is no. They were doing bad stuff and got caught red handed. The fault lies entirely with those doing bad stuff not with those who caught them at it.
SJW n. One who posts facts.
-And you don't have to be a terror suspect for this to be the case either. See: Kalief Browder.
http://www.newyorker.com/news/news-desk/kalief-browder-1993-2015
Ditto. I work in IT for a small-ish Non-US multinational ( 10k employees) and our direction is to reduce with the goal of eliminating all US vendors org-wide. It's currently impossible obviously but that's the direction from the C-levels so we do what we can.
I'm not surprised to hear we're not the only ones.