financetom
Technology
financetom
/
Technology
/
US imposes sanctions on Russia's AO Kaspersky Lab executives over cyber risks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US imposes sanctions on Russia's AO Kaspersky Lab executives over cyber risks
Jun 21, 2024 9:10 AM

WASHINGTON (Reuters) - The United States slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after the Biden administration announced plans to bar the sale of the Russian company's antivirus software.

The sanctions targeted company leadership including the chief business development officer, chief operating officer, legal officer, corporate communications chief and others. The Treasury Department did not designate Kaspersky Lab, its parent or subsidiary companies or its Chief Executive, Eugene Kaspersky.

"Today's action against the leadership of Kaspersky Lab underscores our commitment to ensure the integrity of our cyber domain and to protect our citizens against malicious cyber threats," Treasury Under Secretary Brian Nelson said in a statement.

The moves show the Biden administration is trying to stamp out any risks of Russian cyberattacks stemming from Kaspersky software and keep squeezing Moscow as its war effort in Ukraine has regained momentum and the United States has run low on sanctions it can impose on Russia.

AO Kaspersky is one of two Russian units of Kaspersky Lab placed on a Commerce trade-restriction list on Thursday for allegedly cooperating with Russian military intelligence to support Moscow's cyber-intelligence goals.

That move was coupled on Thursday with an unprecedented ban on sales, resales and software updates for Kaspersky products in the United States starting Sept. 29.

U.S. authorities say the software poses serious risks, citing Russia's influence over the company, the software's privileged access to a computer's systems which could allow it to steal sensitive information from American computers, and its ability to install malware and withhold critical updates.

The designation announced Friday prohibits American companies or citizens from trading or conducting financial transactions with the sanctioned executives and freezes assets held in the United States.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
The 6 best budgeting apps of 2024
The 6 best budgeting apps of 2024
Oct 2, 2024
Key takeaways When choosing a budgeting app, it's recommended to explore various options, read user reviews and consider trial versions to find the best fit for your finances. Regularly reviewing your budget and spending data provided by the app can help you identify areas to cut spending and free up money, which can then be used towards paying down debt,...
Demystifying ACM Research: Insights From 5 Analyst Reviews
Demystifying ACM Research: Insights From 5 Analyst Reviews
Oct 2, 2024
ACM Research ( ACMR ) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
Hurricane Helene Claims 128 Lives Across 6 States And Millions Struggle Without Power: North Carolina Hit The Worst
Hurricane Helene Claims 128 Lives Across 6 States And Millions Struggle Without Power: North Carolina Hit The Worst
Oct 2, 2024
The death toll from Hurricane Helene has reached 128 across six states as of Monday. The hurricane made landfall in Florida as a Category 4 storm, causing widespread destruction. What Happened: The storm has left nearly two million customers without power and disrupted communication networks, making it difficult for families to contact loved ones, reported CNN. North Carolina has been...
Biden will visit storm-ravaged North Carolina on Wednesday
Biden will visit storm-ravaged North Carolina on Wednesday
Oct 2, 2024
WASHINGTON (Reuters) - U.S. President Joe Biden said he plans to travel to storm-ravaged North Carolina on Wednesday to view the toll from Hurricane Helene. Western North Carolina residents faced a post-apocalyptic landscape on Monday in the wake of Helene, with hundreds of people still missing and residents struggling amid flooded roads and a lack of basic services. Biden told...
Copyright 2023-2025 - www.financetom.com All Rights Reserved