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Thursday, December 19, 2013

US To Lose '$35bn A Year' Over NSA Spying

US To Lose '$35bn A Year' Over NSA Spying
Activists Demonstrate Against NSA's Surveillance Tactics
In a report for the Washington DC-based Information Technology & Innovation Foundation think tank, senior analyst Daniel Castro said America's "entire tech industry" had been implicated - and was now facing a global backlash.
The possible loss, which covers the next three years, is based on the assumption that many companies outside the US will buy services in other countries rather than risk copies of their data being turned over to the US government.
The estimate comes amid claims some US tech firms have given access to spies to scoop up data from servers and cloud computing warehouses.
In June, National Security Agency (NSA) whistleblower Edward Snowden began leaking details of the extent of snooping done by US spies into the lives of ordinary people and companies.

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