Privacy security
Two years ago, when Edward Snowden exposed the NSA’s massive surveillance machine it didn’t just make Americans distrust the U.S. government—it also impelled foreigners to shy away from U.S.-made technologies. The result appears to be costly. In fact, a new report from the Information Technology and Innovation Foundation (ITIF), a Washington, D.C., think tank, says the agency’s pervasive digital surveillance will likely cost U.S. companies more than $35 billion in foreign business by 2016.
Two years ago, when Edward Snowden exposed the NSA’s massive surveillance machine it didn’t just make Americans distrust the U.S. government—it also impelled foreigners to shy away from U.S.-made technologies. The result appears to be costly. In fact, a new report from the Information Technology and Innovation Foundation (ITIF), a Washington, D.C., think tank, says the agency’s pervasive digital surveillance will likely cost U.S. companies more than $35 billion in foreign business by 2016.
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