Security News > 2024 > July > Kaspersky Exits U.S. Market Following Commerce Department Ban

Russian security vendor Kaspersky has said it's exiting the U.S. market nearly a month after the Commerce Department announced a ban on the sale of its software in the country citing a national security risk.

The company is expected to wind down its U.S. operations on July 20, 2024, the same day the ban comes into effect.

In late June 2024, the Commerce Department said it was enforcing a ban after what it said was an "Extremely thorough investigation." The company was also added to the Entity List, preventing U.S. enterprises from conducting business with it.

"The manipulation of Kaspersky software, including in U.S. critical infrastructure, can cause significant risks of data theft, espionage, and system malfunction," the Bureau of Industry and Security noted.

Existing U.S. customers have been urged to find alternative tech solutions ahead of September 29, by which the company is expected to stop providing software and antivirus signature updates.

Kaspersky has refuted the allegations, stating it does not engage in activities that could threaten U.S. national security and that the decision was made based on the "Present geopolitical climate and theoretical concerns," rather than a comprehensive evaluation of its products and services.

News URL

https://thehackernews.com/2024/07/kaspersky-exits-us-market-following.html