Kaspersky to Exit U.S. Market by July 20 Following Commerce Department Ban Citing National Security

Jul 16, 2024, 02:10 AM

The U.S. Commerce Department has banned transactions with Russian cybersecurity firm Kaspersky under ICTS authority, citing national security risks. As a result, Kaspersky has announced it will close its U.S. division and lay off all associated workers. The ban, which takes effect on July 20, 2024, has led Kaspersky to declare that business opportunities in the U.S. are no longer viable. The company will gradually wind down its operations starting from the date the ban is enforced. The decision impacts thousands of U.S. businesses and individuals using Kaspersky products. The ban follows the Biden administration's announcement on July 15.