The US cloud industry faces up to €25.8 billion in lost revenues following revelations about US-led snooping on EU citizens.
“The surveillance revelations will cost the US cloud computing industry USD 22 to 35 billion in lost revenues over the next three year,” said EU justice commissioner Viviane Reding on Sunday (19 January) at the Digital Life Design Conference in Munich.
Reding drew her estimates from a report by the Information Technology and Innovation Foundation, a think ta...
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Already a member? Login hereNikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.
Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.