The Demise of the Cloud

Facebook CEO Mark Zuckerberg complained last week that trust in social networks and Internet companies has dived ever since cyber snooping and spying activities by the US National Security Agency began to make global headlines earlier this year. It is no surprise. In fact, as fugitive former NSA operative Edward Snowden pointed out, the encryption system adopted by the International Organization for Standardization and its163 member countries were actually written by the NSA, convincing proof that online platforms being used by Internet companies and the commercial world, including banks, could in fact be easily compromised by the NSA.

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