An anonymous reader writes: The American business community worries a back door policy, if enacted, would threaten the competitiveness of their businesses. Many companies are already trying to estimate the high cost of dealing with any regulation that would mandate access to encryption — including potential losses in revenue and the tougher-to-measure consumer trust. As such, some are already contemplating how to find loopholes and other ways around any new US rules to build back doors, including by taking business overseas.
At a macro level, companies are concerned about the global implications if other countries seek their own channels to access customers’ data using the US policy as a precedent. How the most powerful government in the world decides to proceed on encryption will have a profound effect not just on development of consumer technologies but the rights of Internet users in the future, they say. And the encryption debate comes at a time when the US government and the American tech sector need each other more than ever as advanced computing and digital security become increasingly key for the country’s economy and national defense. The squabble over encryption, however, may end up standing in the way — and the principles each side decides to fight for could set the tone for the future of the Surveillance Age.