• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business Security

Kaspersky Exits U.S. Market, Laying Off Dozens Due to Security Ban

by Joan Aimuengheuwa
July 16, 2024
in Security
0
Kaspersky Exits U.S. Market, Laying Off Dozens Due to Security Ban
Kaspersky

Kaspersky

UBA
Advertisements

Russian cybersecurity firm Kaspersky is ceasing its U.S. operations and laying off several employees following a new U.S. government ban on its software, effective July 20.

This is due to national security risks, causing the company to retreat from one of the world’s largest markets.

Kaspersky announced that it would begin phasing out its U.S. business starting July 20, making the operations unsustainable under the new legal constraints. The decision will impact fewer than 50 employees based in the United States.

The U.S. Commerce Department introduced the ban in June, labelling it a necessary step to protect national security.

U.S. Commerce Secretary Gina Raimondo pointed out issues of the potential for the Russian government to leverage Kaspersky’s software to access and misuse the personal data of American users.

This ban prohibits Kaspersky from selling its software directly or through U.S.-based resellers and also prevents the company from providing updates or security patches after September 29.

This will lead to a gradual decline in the software’s effectiveness in protecting against cyber threats.

Kaspersky initially planned to challenge the ban, arguing that its operations did not pose a threat to U.S. national security. However, the company has now opted to comply with the order, given the huge impact on its business.

The U.S. government’s ban on Kaspersky is not unprecedented. In 2017, the Trump administration banned the use of Kaspersky software within federal agencies following concerns over its prospective misuse by Russian intelligence.

These historical suspicions, coupled with ongoing geopolitical tensions, have led to the current comprehensive prohibition.

Despite the ban, U.S. consumers using Kaspersky products will not be penalised. However, they are strongly advised to transition to alternative security solutions to ensure their continued protection.

Additionally, the U.S. Treasury has sanctioned several senior executives at Kaspersky, barring U.S. entities from conducting business with them.

This move further isolates the company from the U.S. market, making it increasingly difficult for Kaspersky to operate within the country.

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Gina RaimondoKasperskyLay offsSecurity BanU.S. Market
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
WhatsApp Launches Favourites Feature for Easier Access to Key Contacts

WhatsApp Launches ‘Favourites’ Feature for Easier Access to Key Contacts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

accounting industry

10 Startup Opportunities in Accounting Industry

2 years ago
Meta Reintroduces Facial Recognition to Curb Misuse of Celebrity Images in Scam Ads

Meta Reintroduces Facial Recognition to Curb Misuse of Celebrity Images in Scam Ads

8 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.