Russian cybersecurity firm Kaspersky Labs to wind down US operations
Recasts with Kaspersky's statement in paragraph 1, adds details in paragraph 2
July 15 (Reuters) -Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in the country.
Kaspersky, which will eliminate all U.S.-based positions, did not allow consumers to purchase any products on its website earlier in the day, citing "purchase unavailable for U.S. customers".
Last month, U.S. Commerce Secretary Gina Raimondo announced plans to bar the sale of anti-virus software made by Kaspersky in the country, citing security risks posed by Russia's influence on the cybersecurity company.
The government also slapped sanctions in June on Kaspersky's senior leadership, including the chief business development officer, chief operating officer, legal officer and corporate communications chief, citing cybersecurity risks.
The news of the company's plan to leave the U.S. was first reported by CNN.
The new restrictions by the U.S. government on inbound sales of Kaspersky software, which would bar downloads of software updates, resales and licensing of the product, will come into effect on Sept. 29.
New U.S. business for Kaspersky are to be blocked 30 days after the restrictions were first announced on June 20.
Reporting by Chandni Shah and Kanjyik Ghosh in Bengaluru; Editing by Sherry Jacob-Phillips
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
