Biden's Decision to Prohibit Sale of Kaspersky Software in the U.S. Due to Alleged Russia Connection

Money | June 20, 2024, 8:13 p.m.

The Biden administration has announced a plan to block the sale of Kaspersky Lab's antivirus software in the United States due to concerns about the company's ties to Russia and the potential risks posed to American computer systems. Commerce Secretary Gina Raimondo stated that Russia's influence over the company could result in the theft of sensitive information or the installation of malware on U.S. computers. The new rule will bar sales of Kaspersky software and add three units of the company to a trade restriction list. This action is part of the administration's efforts to prevent Russian cyberattacks and restrict transactions with companies from foreign adversary nations like Russia. The restrictions will take effect in September, impacting businesses that use Kaspersky software. Failure to comply may result in fines or criminal charges. The move comes amid escalating tensions with Russia over its invasion of Ukraine.