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ExtraTorrent.cc > Articles > US Tech Giants Lose Money from NSA Spying

US Tech Giants Lose Money from NSA Spying

US Tech Giants Lose Money from NSA Spying

Added: Tuesday, October 22nd, 2013
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2013, www.extratorrent.cc
American corporations are losing billions of dollars, because foreign firms look closer to home in order to avoid NSA snooping. Today companies and politicians consider an opportunity to take business from the United States in the wake of Snowden’s allegations about NSA spying.

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For example, 3 of Germany’s largest email providers, including partly state-owned Deutsche Telekom, decided to join their efforts and offer a new service, Email Made in Germany. The matter is that by encrypting email via national servers and using German strict privacy legislation, American authorities won’t be able to snoop that easily.

Email Made in Germany is currently reporting over 100,000 people have already signed up. Media reports say that foreign governments were seeking to use data-privacy legislation as a competitive advantage to boost domestic companies against such international giants as Google and Microsoft. However, it would be much more expensive for the Germans to use such a service and requires ignorance about the way the worldwide web works.

The industry experts admit that the situation can cause development of something like a “Euro cloud”, where consumer data could be shared only within Europe. Actually, not just Europe is concerned about its privacy. Brazil is also about to insist that information about its citizens be stored on local servers, while India is planning to stop government employees from using email services provided by Google and Yahoo.

According to estimations of Information Technology and Innovation Foundation, the fallout from revelations about NSA activities might cost Silicon Valley around $35 billion in annual revenue, major part coming from lost overseas business. In the meantime, the Cloud Security Alliance revealed that 56% of non-US members believed security concerns had made it less likely that they would use American cloud services, with 10% having decided to scrap a contract.

Tech giants admitted that the NSA spying could erode the trust of customers all over the world, while they can’t undo any damage, especially with the extent of surveillance activities being secret and other nations being critical of the United States. On the other hand, small businesses that have been battling tech giant for ages, see the NSA surveillance program as a true cherry-pie. They claim that it is a great opportunity to strike back and protect the home market.


By:
SaM
October 22nd,2013

Posted by: 
SaM

Date:  Tuesday, October 22nd, 2013



Comments (9) (please add your comment »)

1
posted by ET junkieET loverTurtle (2013-10-22 21:36:07)
fusseltier avatarthe calls spying isn't new or news, its been going on for many many years.
we already knew about the data warehousing of emails and sms and cell calls with echelon, what? 10 yrs ago?
the nsa has for decades already had access to all calls in and out of the states.
and any signal in the air can always be intercepted.
so where is the news?

2
posted by (2013-10-22 22:41:36)
Ray186 avatar@fusseltier Sure spying on other countries. But spying on your own citizens is what makes any of these stories of any kind of spying news. It all gets lumped together. That and the head of the NSA getting caught lying to congress makes these type of stories snowball.

3
posted by Turtle (2013-10-22 23:04:54)
No avatar@fusseltier
Yes, those of us that are literate have known for decades that this was going on. The news is:

Everybody else JUST FOUND OUT.

Now they are going to make different choices. Entire businesses that spent thousands or millions or billions of dollars on Microsoft or other corporate products will now be choosing to use Linux or other open-source alternatives. People will now be using services/software like that found at prism-break.org to encrypt their data and keep it out of corporate hands.

That is what is new.

4
posted by (2013-10-23 01:31:11)
No avatarNow the truly naive belive their own country's security services are not doing the same exact thing. Snowden just made it easier for those native agencies to funnel people into their own monitored services. With "Email Made in Germany" now German spies don't need to try to hack GMail accounts... fun times to be a spook.

5
posted by (2013-10-23 02:09:08)
Rockman avatarThe spying will go on all the the U.S. goverment and NSA and CIA and echelon will do is to cover their tushies better . . .

And of course Red China and Russia and japan and england never spy around the world and it own citizens whos kidding whom stop being naive spying is so needed . . .

6
posted by Site FriendET loverSuperman (2013-10-23 03:02:13)
Embolism avatar30 years of open source and when businesses and people all wake up they will not be wanting proprietary windows software or O/S that is spying on them and there will be a revolution using open source and giving the bird to the Corporations and the NSA,France did it some years ago and switched all government and schools to Linux after reverse browsing flaws and other things were brought before the EU courts.Why should people pay for the privilege of being spied on,its a mystery to me. : D

7
posted by Site FriendET loverSuperman (2013-10-23 03:10:59)
Embolism avatarI think things like bit torrent chat and private torrented emails will be the norm after a year or 2 of people being probed by the Man and his applications.

8
posted by (2013-10-23 05:54:15)
Turbowater avatarOpen source wont even slow down the the NSA neither will moving to their own clouds. Currently they have access at the router level to every device out there effectively.

9
posted by Site FriendET loverSuperman (2013-10-25 02:04:18)
Embolism avatarthink they might get a surprise if they took a peek at my router as my PC does`nt show in the router table



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