July 15, 2024 By Sergiu Gatlan

Russian cybersecurity company and antivirus software provider Kaspersky Lab will start shutting down operations in the United States on July 20.
In a statement to BleepingComputer, the company also confirmed that it will lay off its U.S.-based employees. Independent cybersecurity journalist Kim Zetter first reported that this will affect "less than 50 employees in the U.S."
This comes after the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned twelve Kaspersky Lab executives on June 21 for operating in Russia's technology sector, freezing their U.S. assets and preventing access to them until the sanctions are lifted.
The Department of Commerce also designated AO Kaspersky Lab, OOO Kaspersky Group (Russia), and Kaspersky Labs Limited (United Kingdom) to its Entity List, preventing any U.S. business from conducting business with them.
