View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

Is NSA surveillance hurting the tech industry?

The USA FREEDOM Act has now been introduced to the upper chamber of Congress.

By CBR Staff Writer

US tech firms could lose more trade revenue to foreign rivals if the National Security Agency’s (NSA) snooping is not controlled, a report has stated.

Calling for ban on the NSA collection of massive user data, the Open Technology Institute report has called for firms to be allowed to report more details concerning the information being offered to the government.

Referring to top executives of Microsoft, Cisco Systems and other firms, the report noted that NSA snooping may damage the $150bn industry for cloud computing services, as well cost American tech firms about $35bn in lost revenue by 2016, Bloomberg reported.

BSA/The Software Alliance policy director said: "The immediate pain point is lost sales and business challenges."

Microsoft also urged that their customers care more than ever about where their content is stored and how it is used and secured.

Furthermore, the USA FREEDOM Act has now been introduced to the upper chamber of Congress, which is expected to fulfil some proposals by the institute.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Senate Judiciary Committee chair, Patrick Leahy, said in a statement: "If enacted, this bill would represent the most significant reform of government surveillance authorities since Congress passed the USA Patriot Act 13 years ago."

Expressing support for the bill, the Software Alliance said in a statement: "[The Senate] bill will help restore trust in the Internet by ending the government’s bulk Internet metadata collection and increasing transparency around US surveillance practices."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.