00:00It's Benzinga, and here's what's on the block.
00:02Casper Sky Labs, a Russian cybersecurity firm, has announced it will leave the U.S. market
00:07after the Biden administration banned sales and distribution of its software in the country.
00:12The U.S. Commerce Department banned Casper Sky products, citing national security risks
00:16from Moscow's potential influence over the company and its ability to access and weaponize
00:20Americans' personal data.
00:22Casper Sky will stop all U.S. operations and eliminate local jobs as business opportunities
00:27are no longer viable due to the ban.
00:30Commerce Secretary Gina Raimondo stated that the U.S. was forced to act because of Russia's
00:34capacity and intent to collect and weaponize the personal information of Americans.
00:38For all things money, visit Benzinga.com.
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