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Are US Tech Companies Suffering a Slow and Agonizing Death?

VirtualizationSecurityAre technology companies in the United States now suffering from a slow and agonizing death? In what is being called “The Snowden Effect,” the infamous former National Security Agency contractor’s disclosures revealing the extent of NSA worldwide spying efforts have prompted companies to avoid or leave US technology firms in droves. This has been especially true with regard to US-based cloud services since it was realized that most of the largest US tech companies’ cloud computing systems have had their data accessed by the NSA. This revelation has caused approximately a ten percent drop in customers from cancelled contracts, according to a survey from industry group Cloud Security Alliance. Some argue that that President Barack Obama has added fuel to the fire of tech industry problems by emphasizing how the NSA surveillance program focuses on people outside of the United States. One of the biggest problems that plague these US companies is the perception that they are giving their data directly to the NSA.

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