Microsoft says encryption laws make companies wary of storing data in Australia

Microsoft president Brad Smith has warned companies are no longer comfortable storing customer data in Australia after the introduction of controversial encryption laws. Mr Smith told a Canberra audience the laws are too vague and are damaging the Australian technology industry and broader economy, as businesses raise concerns about privacy and look to overseas markets. The Australian Signals Directorate (ASD) has rejected claims the laws give security agencies unfettered power, or that technology companies will be forced overseas.

Source: www.abc.net.au