The initial surveillance leaks from Snowden, former contractor of the U.S. National Security Agency, has drawn major debate on whether it’s appropriate for governments to share their virtual information with other states for security reasons. The heightened pressure in some nations for Internet anonymity data policies will not just hurt U.S tech gurus, but also vendors from other countries around the world since they’ll have to comply with these same regulations as well. For instance, a Russian data localization law is expected to be passed by September 2015.
Generally, it’s estimated that the data backlash exhibited by these foreign states will cost U.S. tech companies anywhere between $21.5 and $35 billion dollars. It’s now emerging that the entire U.S. IT economy, and not just the cloud-computing sector, has immensely underperformed since Snowden’s revelations. Apart from Russia’s upcoming regulation, Germany and France are also trying to create their own private Internet anonymity networks while other countries such as China, India and Australia have already imposed data localization laws. Even before Snowden’s revelations, some countries had already began pressing for regulation of data within their respective territories, but this unfortunate event only made them more adamant in pursuing this goal for Internet anonymity reasons.