Global revenue for Moscow-based cybersecurity vendor Kaspersky Lab increased by 4 percent last year despite sales in North America falling by 25 percent, the company said. The privately-owned Kaspersky reported an unaudited revenue of $726 million in 2018, thanks mostly to 27 percent growth in the Middle East, Turkey and Africa. Kaspersky also reported 55 percent growth in non-endpoint products and services. But the company also acknowledged that “the challenging geopolitical situation resulted in an overall slowdown in the North American market,” where sales fell by a quarter. Kaspersky’s sales announcement, published Tuesday, offers a glimpse at how scrutiny from the U.S. government has affected the company. President Trump in 2017 signed legislation prohibiting the use of Kaspersky software on computers and devices on military and civilian networks. The FBI also pushed private sector companies away from using Kaspersky products. U.S. officials have alleged Kaspersky is vulnerable to Russian influence, […]
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