Endpoint

10/30/2017
12:25 PM
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Kaspersky Expects US Sales to Decline in 2017

CEO points to an "information war" against his company as the cause of the revenue drop.

Kaspersky Lab expects its US revenue to drop by single digits this year as the company faces a backlash from allegations that it's closely tied to the Kremlin, a Reuters report states.

The company anticipates US sales to fall by less than 10% this year and it will wind down KGSS, its Washington-area subsidiary because it no longer has plans to sell its antivirus products to the US government.

Last month, Pres. Donald Trump ordered US government agencies to halt purchases of Kaspersky Lab products, citing concerns that the Kremlin had influence over the company and its software posed a potential threat to national security. Major retailers Best Buy and Office Depot have also discontinued sales of Kaspersky products.

Kaspersky is facing an "information war" with the US and "we've done nothing wrong," the company's founder and CEO Eugene Kaspersky told Reuters in an interview.

Read more about Kaspersky's comments here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

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