PRISM harming US cloud providers' business abroad as contracts cancelled

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Leaks by former CIA contractor Edward Snowden about the US spy program PRISM has damaged international business opportunities for US cloud providers and could have an even bigger impact in the future, according to a new survey.

According to the results of a survey by the Cloud Security Alliance (CSA) of around 500 of its 48,000 members, the harm caused by revelations of the US spy program has already had an impact. The CSA's corporate membership includes most large US software, cloud and security vendors and service providers.

Of the non-US organisations who participated, 10 percent claimed to have already cancelled a project that would have used a US-based cloud provider while 56 percent said they would be less likely to use a US cloud company in future.

A third of 220 US respondents also believed it is more difficult now to conduct business outside the US following Snowden's revelations. That said, however, 64 percent said it has had no impact.

http://www.zdnet.com/prism-harming-us-cloud-providers-business-abroad-as-contracts-cancelled-7000018589/

[xchrom]

1. Du rec. Nt

[justiceischeap]

2. Maybe this will stymie the admin's push towards spying so broadly.

If it hurts business, then CEO's will complain and they'll have to stop.

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4. That is true, but the more important thing is that they have lost access to the data.

To a much greater degree it is now, or will be, the case that they CANNOT snoop instead of merely promising not to snoop. If Alexander was not such a typical military bureaucrat (dumb, ambitious, greedy, and selfish) he would have been MUCH more circumspect, and this would not have happened at all.

Edit: and that DOES endanger us all.

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3. PRISM Could Put the Kibosh on US Trade Abroad

American cloud service providers seeking to do business abroad are feeling the fallout from the NSA's PRISM surveillance program, suggests a month-long online survey the Cloud Security Alliance initiated in June.

Fifty-six percent of more than 200 overseas respondents said they were less likely to use United States-based cloud providers, and another 10 percent had canceled projects to use U.S.-based cloud service providers.

However, 64 percent of more than 220 U.S.-based respondents said the disclosures about PRISM had not made it more difficult for them to do business, and only 36 percent said they did.

"IDC estimated revenue from cloud computing in the United States would grow to about US$43.2 billion by 2016, while the worldwide market for cloud computing will be worth $206.6 billion," Daniel Castro, senior analyst at the Information Technology & Innovation Foundation, told the E-Commerce Times.

http://www.ecommercetimes.com/rsstory/78574.html

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5. Duh.

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6. Indeed duh. nt