The Cost of PRISM

The revelations about the monitoring of phone calls, emails and Internet traffic by the National Security Agency’s Prism program will cost U.S. cloud suppliers [between] $35 [and] $45 billion [..][A] recent survey by the Cloud Security Alliance, which found that 56% of 500 respondents said the disclosures by the fugitive NSA systems administrator would cause them to lose non-U.S. business. Canada, plus Germany, France and other European countries, have rules that require companies to guarantee the privacy of data that originates within their borders. Most comply by keeping the data on storage inside its country of origin.