BUSINESS-ECONOMY
Kaspersky Labs, the Russian anti-virus software maker, announced Monday that it will be winding down its US operations starting July 20. The decision comes nearly a month after the Biden administration's plans to prohibit the sale of Kaspersky products in the United States over claimed security concerns. Kaspersky Labs, the Russian anti-virus software maker, announced Monday that it will be winding down its US operations starting July 20. The decision comes nearly a month after the Biden administration's plans to prohibit the sale of Kaspersky products in the United States over claimed security concerns. Effective immediately, Kaspersky has stopped selling its products to US consumers. Currently, when a US-based buyer accesses its website, it flashes the notice, indicating that the "purchase unavailable for US customers." Additionally, all US-based positions are set to be axed as part of the phasing-out process. Last month, US Commerce Secretary Gina Raimondo announced her intentions to ban sales of Kaspersky antivirus software in the United States, citing security risks due to Russian influence over the cybersecurity company. The US government did more than slap the cybersecurity company with these concerns in its senior leadership by placing sanctions on the chief business development officer, chief operating officer, legal officer, and corporate communications chief at Kaspersky. The news of the company's plan to leave the US was first reported by CNN. This new sanction blocks downloads of the software updates, sale of licences, and resales of Kaspersky products to any customer based in the US with effect from September 29. New U.S. business for Kaspersky are to be barred 30 days after the restrictions were first announced on June 20. In essence, Kaspersky Labs is going to stop its operations in the United States because of the heightened security measures by the US government. The restriction reflects lingering concerns about the risks associated with cyber security with the company, hence a significant change in the products for digital security available within the United States. None
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