February 28, 2014
It used to be that tech titans such as Cisco Systems and IBM could bank on fertile markets in Asia and Europe in their quest for worldwide financial domination. Not so much anymore.
The National Security Agency, and revelations about its extensive surveillance operations — sometimes with the cooperation of tech firms — have undermined the ability of many U.S. companies to sell products in key foreign countries, creating a fissure with the U.S. government and prompting some to scramble to create “NSA-resistant” products. The fallout could cost the tech industry billions of dollars in potential contracts, which has executives seething at the White House.
“Suspicion of U.S. vendors is running at an all-time high,” says Andrew Jaquith, chief technology officer at cloud-security firm SilverSky.