German spy agency seeks millions to monitor social networks outside Germany

Germany’s foreign intelligence agency reportedly wants to spend €300 million (about US$375 million) in the next five years on technology that would let it spy in real time on social networks outside of Germany, and decrypt and monitor encrypted Internet traffic.

The Federal Intelligence Service (BND) wants the funds for a program called “Strategische Initiative Technik” (SIT, Strategic Technology Initiative), according to a report by German daily the Süddeutsche Zeitung and television stations NDR and WDR.

The report is based on a confidential document in which the BND asked the Confidential Committee of the Bundestag’s Budget Committee to approve a sum of €28 million for the program in 2015.

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Story added 10. November 2014, content source with full text you can find at link above.