Report: Prism Could Cost U.S. Cloud Computing Companies Up To $35 Billion

That's according to a new report from the Information Technology and Innovation Foundation issued today.

The recent revelations about the National Security Agency’s extensive data collection program known as Prism could cost U.S. cloud computing companies between $25 and $35 billion over the next three years.

That’s according to a new report from the Information Technology and Innovation Foundation issued today.

Foreign companies could decide that the risks of storing data with U.S. companies could outweigh the benefits, putting the domestic industry at risk of losing its leadership standing in the industry.

The U.S.

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