European firms put data at risk with overreliance on US – report
A Swiss report has warned European businesses about their overdependence on risky American digital services Read Full Article at RT.com
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American Big Tech may misuse clients’ info or cut them off for political reasons, a Swiss cloud provider has warned
Businesses in European countries allied with the US are heavily reliant on American digital services, leaving their data exposed to a range of strategic risks, according to a new report.
More than 74% of all publicly listed European companies rely on American technology providers, the Swiss cloud company Proton said Tuesday. It stressed that in some countries, entire sectors are dependent on US services – including the French real estate market, the Spanish energy industry, and a large portion of the Irish economy.
According to the report, US firms may use European data to train artificial intelligence models, share it with the US government, or halt services to European clients under geopolitical pressure. The study also warns that this dependence contributes to a talent drain from Europe and hampers domestic innovation.
Europe outsourced its digital backbone for decades.
Today, that choice has become a strategic liability.
Our new study shows how deep that dependency runs — starting with email, the gateway to every company’s stack.
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