How NSA Mass Surveillance is Hurting the US Economy | Electronic Frontier Foundation

In September, analysts at Cisco Systems reported that the fallout “reached another level,” when the National Institute

English: Logo of the Electronic Frontier Found...

English: Logo of the Electronic Frontier Foundation (Photo credit: Wikipedia)

of Standards and Technology NIST told companies not to use cryptographic standards that may have been undermined by the NSA’s BULLRUN program. The C

isco analysts said that if cryptography was compromised “it would be a critical blow to trust required across the Internet and the security community.”This forecast was proven true in mid-November, when Cisco reported a 12 percent slump in its sales in the developing world due to the NSA revelations. As the Financial Times reported, new orders fell by 25 percent in Brazil and 30 percent in Russia and Cisco predicts its overall sales could drop by as much 10 percent this quarter. Cisco executives were quoted saying the NSA’s activities have created \”a level of uncertainty or concern\” that will have

a deleterious impact on a wide-range of tech companies.

via How NSA Mass Surveillance is Hurting the US Economy | Electronic Frontier Foundation.

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