- Russian cybersecurity vendor Kaspersky has announced its exit from the US market following a ban by the Commerce Department.
- The Commerce Department stated that Kaspersky’s US operations could bolster the Russian government’s cyber-offensive capabilities.
Russian cybersecurity firm Kaspersky is set to leave the US market, laying off dozens of workers there. The move follows a US government ban on selling and distributing the company’s software. The company is set to start winding down operations on July 20, when the ban comes into effect.
The US Commerce Department announced the ban, citing privacy and security concerns as the company is headquartered in Russia. The company had initially planned to challenge the ban in court, stating that its operations did not affect national security in the US. However, the new decision indicates a change in the company’s perspective. In addition, the US Treasury Department has sanctioned several senior company executives. The sanctions bar US customers from conducting transactions with Kaspersky.
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Once the ban comes into effect,…
