NSA Snooping Could Cost Tech Companies Billions

$35 billion in lost contracts from hesitant customers over next three years

U.S. cloud providers have already lost business over the NSA leaks, but now the Information Technology and Innovation Foundation (ITIF) has a report putting a dollar amount on the short-term costs: $21.5 to $35 billion over the next three years.

ITIF based these estimates in part on the Cloud Security Alliance survey showing that 10 percent of officials at non-U.S. companies cancelled contracts with U.S. providers and 56 percent of non-U.S. respondents are hesitant to work with U.S. cloud based operators after the leaks.