Kaspersky to Exit US Market Following Government Ban

Russian cybersecurity firm to wind down operations and lay off employees after US cites national security concerns.

Kaspersky will start shutting down its US operations on July 20, affecting fewer than 50 employees.
The Commerce Department banned Kaspersky's software sales and updates over alleged ties to the Russian government.
Existing US customers will lose access to software updates after September 29.
Kaspersky denies posing a security threat and criticizes the ban as based on 'theoretical concerns.'
The company plans to focus on other markets, including South America and Asia.