NSA Spying to Cost US IT Companies $47 Billion Over Three Years

“The US National Security Agency’s (NSA) PRISM surveillance program could cost US-based cloud and outsourcing vendors an overall three-year loss of $47 billion in revenues, a Forrester Research study revealed.  Lost revenue from spending on cloud services and platforms is expected to amount to over $500 million in the period between 2014 and 2016, according to the analysis, released by the independent technology and market research company on April 1.  Twenty six percent of business and technology decision makers outside of the United States have already reduced or halted spending with US-based service providers, Forrester said.”

http://sputniknews.com/us/20150406/1020513007.html

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