U.S. Spying Could Hurt Cloud Industry, Report Says

Revelations of widespread spying by the U.S. government could bring big financial fallout to the cloud-computing industry, according to a Washington-based think tank. U.S. cloud providers could lose between $21.5 billion and $35 billion in revenue over the next three years because of worries about the National Security Agency's PRISM program, which enables the government to access user data from U.S. Internet companies, according to a report by the Information Technology & Innovation Foundation.