INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Kaspersky now a ‘security threat’

The designation will restrict Kaspersky’s dealings in the United States. AFP File Photo
  • The US Federal Communications Commission has added Kaspersky to a threat list
  • This effectively blocks the firm from being paid with certain US government subsidies

US regulators have deemed antivirus software maker Kaspersky a “threat to national security,” a designation that will restrict its dealings in the United States.

The Federal Communications Commission has added Kaspersky to a threat list — which blocks paying the firm with certain US government subsidies — that also includes Chinese companies like Huawei and ZTE.

The FCC’s statement released Friday did not mention Russia’s invasion of Ukraine, but Kaspersky responded to the designation by saying it was imposed “on political grounds.”

“This decision is not based on any technical assessment of Kaspersky products,” the firm added in a statement.

German cyber security agency BSI urged consumers earlier this month against using Kaspersky’s antivirus software, warning that the company could be implicated — willingly or unwillingly — in hacking assaults amid Russia’s war in Ukraine.

The addition of Kaspersky to the threat list blocks money from the FCC’s fund that supports telecommunications in rural areas.