Reuters published an article entitled “Despite fears, NSA revelations helping US tech industry” analyzing that after the exposure of monitoring project called “Prism” implemented by the National Security Agency, it’s widely believed that the scandal will have a serious impact on the image and income of U.S. technology companies in overseas markets. But it turns out, because demands of encryption and related security services rise in overseas markets, which actually allow some U.S. technology companies to benefit a lot from the “prism” scandal.
The following is parts of the article:
Prophesies of doom
Shortly after Snowden’s leaked documents detailed collaboration giving the NSA access to the accounts of tens of thousands of net companies’ users, the big Internet companies and their allies issued dire warnings, predicting that American businesses would lose tens of billions of dollars in revenue abroad as distrustful customers seek out local alternatives.
In a federal court filing last week, Google said that still-unfolding news coverage was causing “substantial harm to Google’s reputation and business”. The company said that could be mitigated if it were allowed to comment with precision about its intelligence dealings.
Likewise, last month, six technology trade groups wrote to the White House to urge reforms in the spy programs, citing what it called a “study” predicting a $35 billion cumulative shortfall by 2016 in the vital economic sector.
That number, it turns out, was extrapolated from a security trade group’s survey of 207 non-U.S. members – and the group, the Cloud Security Alliance, had explicitly cautioned that its members weren’t representative of the entire industry.
Boon for encryption sector
As for the upside, so far only a minority of people and businesses are tackling encryption on their own or moving to privacy-protecting Web browsers, but encryption is expected to get easier with more new entrants.
Snowden himself said that strong encryption, applied correctly, was still reliable, even though the NSA has cracked or circumvented most of the ordinary, built-in security around Web email and financial transactions.
Some early adopters of encryption have senior jobs inside companies, and they could bring their habits to the office and eventually change the technology habits of the whole workplace, in the same way that executive fondness for iPhones and iPads prompted more companies to allow them access to corporate networks.
A week ago, Google said it had intensified encryption of internal data flows after learning about NSA practices from Snowden’s files, and consultants are urging other big businesses to do the same.
Stiennon said that after more companies encrypt, the NSA and other agencies will spend more to break through, accelerating a lucrative cycle. “They will start focusing on the encrypted data, because that’s where all the good stuff is,” Stiennon said.
Just as Snowden said, correctly applied strong encryption is still reliable. Correctly applied file encryption, folder encryption and USB encryption will useful and reliable for ordinary people and enterprise to protect their important or even confidential data. Data security isn’t a dispensable problem that we can ignore any more, for data loss and data leakage have retaliated back a bitter lesson. Complete data security management should be established in every enterprise and effective data protection should be paid more attention by individuals.