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NY Times reports that US IT companies losing USD 180 billion a year from Snowden

  • 22-03-2014 7:36pm
    #1
    Registered Users Posts: 1,667 ✭✭✭


    Forrester Research estimates that US industry losses from NSA activity revelations are costing US IT industry about 180 USD billion a year or about 25% of industry revenue.

    In the German and Swiss media one can see lots of German, Swiss and Norwegian companies taking advantage of the untrustworthyness of US companies, selling the fact that they are based in countries with robust data protection laws and a maximum of six months data retention. These range from large companies like Deutsche Telekom to garage start-ups. Ireland used to have the Electronic Commerce Act (law 27 of 2000) which provided some significant guarantee of privacy for cloud commerce. Then Michael McDowell came along and brought in some of Europe's most draconian anti e-business laws with long data retention requirements, via the back door. These increased the security risk, imposed huge data retention requirements on IT and communications companies - far longer than are required to efficiently deal with crime, and removed any possibility of the country being sold as a base for private, secure online business.

    One can't help but laugh at IBM who is cited in the article for setting up a data centre in London ...... GB and USA are one and the same thing when it comes to the theft of private / corporate confidential information.

    http://www.nytimes.com/2014/03/22/business/fallout-from-snowden-hurting-bottom-line-of-tech-companies.html?_r=0


Comments

  • Moderators, Technology & Internet Moderators Posts: 37,485 Mod ✭✭✭✭Khannie


    Burn.

    I've said it on here a few times. I now just assume anything hosted by an American company is compromised. You'd be mad not to.


  • Registered Users Posts: 9,554 ✭✭✭Pat Mustard


    Yesterday, the European Court of Justice (ECJ) delivered a ruling that the Data Retention Directive was unlawful and in breach of the Charter of Fundamental Rights, and amounted to "an interference with the fundamental rights of practically the entire European population".

    Link
    A European Union directive that required telecom operators to retain data for two years has been deemed “invalid”, Brussels’ highest court ruled today.

    Link
    TJ McIntyre, Chairman of Digital Rights Ireland, said that “This is the first assessment of mass surveillance by a supreme court since the Snowden revelations. The ECJ’s judgement finds that untargeted monitoring of the entire population is unacceptable in a democratic society

    This issue first arose when Digital Rights Ireland challenged the constitutionality and the implementation of the Criminal Justice (Terrorist Offences) Act 2005 and the State’s 2006 implementation of the EU data-retention directive (2006/24/EC), in relation to retention of data concerning customer locations, calls and emails for up to two years.The High Court referred the matter for to the ECJ in 2012.

    The original challenge to the Irish domestic legislation brought by Digital Rights Ireland can now proceed in the High Court.




    ECJ Judgment



  • Registered Users Posts: 1,667 ✭✭✭Impetus


    This judgement, while ostensibly limited to telecommunications traffic meta-data retention, also has implications for other industries - eg Visa, MasterCard, American Express, (Europe badly needs to bring back the Eurocard as a debit / charge / ATM card option - free from the snooping eyes of the Anglo Saxon data mining racketeering governments).

    Ryanair outsources its reservations system to Minneapolis based Navitaire*, and unique among European airlines requires every passenger to register their passport number, DOB, passport / id card expiry date etc during the check-in process. Linking this with payment card numbers and mobile phone numbers would give information thieves a goldmine. I find it difficult to believe that Navitaire don't provide a fire hose to certain three letter organisations as appears to be the case for telcos, cable internet, and internet backbone providers.

    There is a lot more work to be done to secure the privacy of data of European data subjects (or perhaps one might call them data victims).

    http://www.navitaire.com/p_new_skies.aspx


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