By Richard Adhikari • E-Commerce Times • ECT News Network
10/10/14 6:41 AM PT
The U.S. National Security Agency's wide-ranging surveillance of people's communications worldwide is hitting America's high-tech industry hard, said panelists on Wednesday at a roundtable held by Senate Finance Committee Chairman Ron Wyden in Palo Alto, California.
Wyden set the tone from the start: "This is going to cost America jobs."
Several foreign governments are planning to build domestic Internets, and Brazil is concerned about storing data abroad, he added.
A recent study indicates that U.S.-based cloud service providers could lose up to one-fifth of their foreign market share, Wyden said.
TechNewsWorld/ Article/ http://www.technewsworld.com/story/81177.html
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