Kaspersky ‘Sad’ To Exit US Market, Layoffs Ahead At Antivirus Software Company
Summary
The news comes after the U.S. recently unveiled sanctions that will effectively ban the Moscow-based company from sales and distribution of Kaspersky antivirus software in America. “The company has carefully examined and evaluated the impact of the U.S. legal requirements and made this sad and difficult decision as business opportunities in the country are no longer viable,” Kaspersky said. U.S. regulators also said that Kaspersky will be banned from entering into new agreements with U.S.-based persons involving information and communications and technology services on July 20, 2024, according to an order signed by U.S. Secretary of Commerce Gina Raimondo. "Russia has shown it has the capacity—and even more than that, the intent—to exploit Russian companies like Kaspersky to collect and weaponize the personal information of Americans," said Raimondo in June. Kaspersky said it would “continue investing in strategic markets and remain committed to serving its customers and partners and ensuring their protection.”
Classifications
AskAI Classifications
LabelsLinked Companies
