Report: Slow Surveillance Reform Has Cost U.S. Tech Companies Over $35 Billion

[Guest]

The ITIF group published a new report recently which showed that the U.S. companies have already lost $35 billion since the Snowden revelations, and the losses will continue until stronger surveillance reform happens in the U.S.

Report: Slow Surveillance Reform Has Cost U.S. Tech Companies Over $35 Billion : Read more

 

[carnetarian]

"Complete trade agreements like the Trans Pacific Partnership that ban digital protectionism, and pressure nations that seek to erect protectionist barriers to abandon those efforts."

Worst. Idea. Ever.

 

[Shankovich]

More like +$400 billion. More than clear that the J-20 and J-31 fighter jets are copies of the F-22 and F-35 respectively, especially considering state newspapers in 2008 boasted stealing some designs. Not as stealthy, but good enough.

 

[vern72]

This is one sector I don't mind if it tanks.

 

[kenjitamura]

"Complete trade agreements like the Trans Pacific Partnership that ban digital protectionism, and pressure nations that seek to erect protectionist barriers to abandon those efforts."

Worst. Idea. Ever.

At least digital protectionism keeps fiasco's like this from happening all the time:

"As it turns out, 'Bob' had simply outsourced his own job to a Chinese consulting firm," Valentine wrote. "Bob spent less than one fifth of his six-figure salary for a Chinese firm to do his job for him."
The worker "physically FedExed his RSA token to China so that the third-party contractor could log-in under his credentials during the workday."

Guy working with a subsidiary under verizon had outsourced all of his labor to some Chinese guy and gave him a percentage of the six-figure salary he was making from the Chinese guys work. Turns out the man actually never did a lick of work and would just pop into the office one day a week to keep suspicion from being aroused. He spent his entire day at the office looking at youtube videos and browsing reddit when he did show up and they found this out by actually monitoring his activity after they figured it out.

 

[althex]

Guy working with a subsidiary under verizon had outsourced all of his labor to some Chinese guy and gave him a percentage of the six-figure salary he was making from the Chinese guys work. Turns out the man actually never did a lick of work and would just pop into the office one day a week to keep suspicion from being aroused. He spent his entire day at the office looking at youtube videos and browsing reddit when he did show up and they found this out by actually monitoring his activity after they figured it out.

This is the norm in South Africa, Joe plumber quotes for services to be rendered that he can't supply for example installing computer components for a school. He then sub contracts an actual computer company to do the job at a fraction of what he's getting. This is just how things are run here.

 

[10tacle]

More like +$400 billion. More than clear that the J-20 and J-31 fighter jets are copies of the F-22 and F-35 respectively, especially considering state newspapers in 2008 boasted stealing some designs. Not as stealthy, but good enough.

A relative of mine worked at the Lockheed-Martin factory in Marietta, GA where the F-22 was built. According to him, it is highly unlikely China or Russia got hold of any detailed classified documents of that program (blue prints specifically). It is well known that Russia was able to copy our designs just from videos and photos, starting with their Buran space shuttle in the 1970s. More than likely this is what China did, and likely with Russian help. This is because the F-22 was developed before the global internet/world wide web took off (1980s).

But with that said, we do know that China has hacked into US databases and gotten hold of F-35 secrets.

 

[junkeymonkey]

thay did not move too slow to cover the patriot act to gather your info with out warrant .. so in the us of a you looking to be guilty first then proven innocent on a daily basis per scanning of your correspondents.. [aint this how things work in commi Russia and china ??] hmmmm....

nsa guy- '' ok he called his mom about a walmart sale so he's cleared for now ''

just goes to show your constitution is nothing but just paper with some words on it . cause if you don't stand up and back it up who will ?


I see folks blame snowden guy and called him a bad guy for informing you about them infringing ontn your rights and that pissed them off [ government officials ] that were sneaking into your life behind your back with out warrant that was at one time required by law .. go figure ..

but hes the bad guy ???

 

[10tacle]

just goes to show your constitution is nothing but just paper with some words on it . cause if you don't stand up and back it up who will ?

Yes and that's why we have at least one US presidential candidate for 2016 who has the guts to stand up to our government's draconian response to the 9/11 terror attacks (read: Patriot Act). That candidate's name is Sen. Rand Paul (Kentucky - Republican).

 

[junkeymonkey]

look back at big talk flag wavers - they end up doing you in the fastest .. also look back from R. Reagan to now at the amount of rights you lost I think it was stalin who said '' we will conquer America with out firing a shot''

ther on the fast track to that today . with osoma Obama care that put us in socialist next is communist .. think your just one political party away from Fascist now ...

 

[10tacle]

You got that right. The establishment GOP and Democrats sleep in the same beds together. Our only hope is a third party, or the Tea Party Repubs like Rand Paul. When both establishment Repubs and Dems alike lambast the Tea Party, you know something is wrong because they *both* feel threatened.

Oh and Russia will need to get in line behind the Chinese in conquering us: China owns the lion's share of our foreign held debt.

 

[junkeymonkey]

well good luck with that...

''because they *both* feel threatened. '' by there own people now see why the patriot act harms you but protects them ?? think on that some

 

[none12345]

"Oh and Russia will need to get in line behind the Chinese in conquering us: China owns the lion's share of our foreign held debt. "

Kinda sorta. Its not as huge a chunk for just china as it use to be. In april 2015 Japan actually owned more us debt then any other country, but china is back in the lead again. Those 2 countries by far have the most us debt, but each only hold about 20-25% of the US debt held by foreign countries.

 

[junkeymonkey]

face it everyone is a enemy of the state and a threat to security

funny how they keep all your data as they say about e-mails and phone records but Hillary Clinton had to be forced to turn hers over ??

like I said in my post above theres laws for you and laws for them and then who the hell are you ?? don't think for a moment we are all treated equal under the same laws

 

[10tacle]

Hillary is being forced to turn hers over because she was Secretary Of State and by law she is required to have all emails available for viewing. It is not against the law to have emails on a private server as a public figure, but it is against federal law (Unites States Code or U.S.C.) to hide them. The bottom line is this: No one will likely ever know what was deleted from Hillary's private server. When she initiated use of the Clinton server, she knew she had the capability in her hands to cover her tracks. She failed a key test for good government. But like her husband, both are former attorneys and well aware of the "appearance of impropriety" standard of conduct. Neither Bill nor Hillary have ever been known for having a sense of proprietary behavior.

Anyway, this is no different than you having your own private email server that government cannot get their prying eyes on (read: not a Yahoo or Gmail account that is on those company's servers that the government can easily, and legally, obtain access to thanks to the Patriot Act). If you have your own secure private email server and account, you can tell the government to piss off and get a warrant or otherwise say "oops" and delete the emails after backing them up to portable media backup devices and hiding them anywhere you want to.

"The head of each Federal agency shall make and preserve records containing adequate and proper documentation of the organization, functions, policies, decisions, procedures, and essential transactions of the agency and designed to furnish the information necessary to protect the legal and financial rights of the Government and of persons directly affected by the agency’s activities. (44 U.S. Code § 3101)"

 

[junkeymonkey]

your personal e-mail server -- I wonder how much suspicion you will draw with that ? cause they will look at you with the ''whats he trying to hide from us '' guilty until proven innocent in there eyes ...

it a shame we come to this

as for the tech companys with there multi billion dollar revenues why cant they spend on ther own protection ? being in the tech field you would think thay had the money to pay a top cyber security guy to keep them secure ?? why am I having to spend my tax dollars to prop them up with some government involvement ?

all I see for any kind of reform is that the government want there nose poked in at all times in everybody's business. lets face it when you do so much wrong you get paranoid and scared and everybody's out to get you and do you harm .. and that's just how they act in Washington

yup, sad times