NSA snooping scandal hurting US cloud industry
January 13, 2014
Grazed from TechTimes. Author: Vamien McKalin.
The cloud computing industry in the United States is under threat as several businesses have chosen to move data outside of the country as a result of the shocking revelations by Edward Snowden of National Security Agency’s (NSA) snooping programs. Many companies fear the NSA might gain access to their data, which is the main reason for moving data from the U.S. into another country. This is a huge problem for the United State’s cloud industry, and it could lead to the loss of billions of dollars if the exodus continues.
The information came from a survey performed by PEER 1 Hosting. The website claims that its findings were based on a 10 minute survey conducted on 300 small companies and 250 employees based in Canada and the UK…
When it comes down to Canadian companies, 33 percent claim they plan to move their data out from U.S. datacenters. However, these findings are not extensive since PEER 1 can only point to a single client in the form of iDigital, which has been dealing with data flight…
Read more from the source @ http://www.techtimes.com/articles/2613/20140112/nsa-snooping-scandal-hurting-us-cloud-industry.htm