US businesses stand to lose up to $35B as a result of PRISM – Boing Boing

How Much Will PRISM Cost the U.S. Cloud Computing Industry? [PDF], a report from the Information Technology and Innovation Foundation — a highly regarded DC think-tank — estimates that the US cloud computing companies will lose $22-$35 billion as a result of customers’ nervousness about PRISM and other spying programs. The US had been leading the world in cloud computing, but analysts are seeing a rush to European cloud providers that are (presumably) out of reach on the NSA and in jurisdictions with tighter rules on government spying.

via US businesses stand to lose up to $35B as a result of PRISM – Boing Boing.

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