PRISM scandal

The U.S. Cloud Computing Industry Stands to Lose $22 to $35 billion as a Result of PRISM Exposé

The recent revelations about the extent to which the National Security Agency (NSA) and other U.S. law enforcement and national security agencies have used provisions in the Foreign Intelligence Surveillance Act (FISA) and USA PATRIOT Act to obtain electronic data from third parties will likely have an immediate and lasting impact on the competitiveness of the U.S. cloud computing industry if foreign customers decide the risks of storing data with a U.S. company outweigh the benefits, according to the statistics revealed by the latest report of the Information Technology and Innovation foundation (ITIF). If European cloud customers cannot trust the United States government, then maybe they won’t trust providers either. If I am right, there are multibillion-euro consequences...

PRISM Exposé Boosts Swiss Data Center Revenues

The stringent laws which govern Swiss banks are derivative of the nation’s privacy legislation, and now – thanks to the PRISM scandal – the country is fast becoming the ideal location for those turning their back on the cloud. Recent leaks of the American National Security Agency’s (NSA) PRISM surveillance program have sparked growing concern over data privacy, with implications for global corporations using US-controlled cloud services, such as AWS, Azure and Dropbox. As a result, businesses are now turning to Switzerland for their data hosting needs. Swiss ‘private’ hosting companies are seeing huge growth because privacy in Switzerland is enshrined in law. As the country is outside of the EU, it is not bound by pan-European agreements to share data with other member states, ...

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