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NSA spying hurting business?

Business Technology | February 18, 2014

Is NSA spying harming business? The leaders of the biggest technology firms in the United States certainly think so. And so they weren’t shy about sharing their feelings with the Pres. Obama during a recent meeting at the White House. The Washington Post recently covered this meeting. What’d they hear? Tech leaders say that NSA spying revelations are negatively affecting the entire economy.

The meeting

Leaders from Cisco Systems, as an example, told the president that it is seeing customers stay away from American-branded technology because they’re concerned about NSA spying, the Post reported. Companies such as IBM, AT&T and Verizon testified that shareholders are angry and concerned their companies might have participated in NSA intelligence programs.

Limits

The tech leaders also had some suggestions for Pres. Obama. They requested that the president place limits on how much spying NSA can do. And they also requested that tech companies be provided with more details about what kind of surveillance the government is performing.

The future

The Post story stated that Obama told the tech companies that he understood their concerns and that he would keep them in mind as the White House completed its review of NSA surveillance programs. Tech companies are vital to the U.S. economy. They’ve predominantly led the country’s slow but steady economic recovery. It makes sense, then, for the White House to do what it can to keep these firms happy.


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