The PRISM exposure has presented non-US companies with a dilemma. The drive is into the cloud, but they don’t want their information outside of safe EU jurisdiction. According to Forbes it is estimated that the US will lose a lot of $USD as a result.
What needs to be clear here is that PRISM is about government nosing around in our social media activities without us being informed of this. Organizations could say that this is not a risk as they are not in the social media space (unless it is their core competence)… or is it?
What these undercover eavesdropping indicates is that the US government can’t be trusted. They have not been transparent in what they are doing. They are eavesdropping behind the backs of their own citizens. Even after Edward Snowden exposure they continued to deny. I see ‘trust’ as a world currency. Each one of us creates or destroys trust based on our personal/professional actions. This is especially pertinent now in this very connected world we live in today. Transparency is a foundation for trust, and governments that continue this facade of lying to its citizens, are at the cost of trust.. and eventually $USD will pay the price!