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ARTICLE · 15 JULY 2024

Trade Matters - July 2024

Lowenstein Sandler LLP
Lowenstein Sandler LLP
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Lowenstein Sandler LLP

Lowenstein Sandler LLP

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On June 20, the Department of Commerce's Bureau of Industry and Security (BIS) for the first time banned a software and cybersecurity company using authority ...

United StatesInternational Law
Doreen Edelman
Doreen Edelman
Abbey Baker
Abbey Baker
Andrew Bisbas
Andrew Bisbas
Christian Contardo
Christian Contardo
Kei Komuro
Kei Komuro
Megan Bodie
Megan Bodie

1. Foreign Software Company Blocked from Selling Products and Services to U.S. Persons

On June 20, the Department of Commerce's Bureau of Industry and Security (BIS) for the first time banned a software and cybersecurity company using authority provided by June 2023's "Protecting Americans' Sensitive Data from Foreign Adversaries" final rule. Starting September 29, Kaspersky Lab Inc. and all of its affiliates, subsidiaries, and parent companies are prohibited from directly or indirectly providing antivirus software and cybersecurity products and services in the United States or to U.S. persons. The Commerce Department determined Kaspersky posed an undue national security risk to U.S. consumers due to its cooperation with Russian military and intelligence authorities. The Commerce Department encourages those using Kaspersky software to transition to new vendors as soon as possible to limit potential exposure of personal and sensitive data. Secretary of Commerce Gina

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