Kaspersky Shuts Down US Operations After Federal Ban

Russian security vendor Kaspersky is exiting the U.S. market following a Commerce Department ban on its software due to national security concerns. The company will wind down its U.S. operations by July 20, 2024, and lay off fewer than 50 employees. The ban follows an investigation suggesting Kaspersky's software could be manipulated for espionage and cyber threats. Kaspersky denies the allegations, attributing the decision to geopolitical tensions rather than a thorough evaluation of its products. Existing U.S. customers are advised to switch to alternative solutions by September 29.