Cybersecurity company Pango Group is acquiring all of Kaspersky’s US customers, or ~1M users, after Commerce Department banned Kaspersky’s software in the US (Sam Sabin/Axios)
Cybersecurity company Pango Group is stepping into the spotlight by acquiring all of Kaspersky’s US customers, a move that comes amidst the Commerce Department’s ban on the Russian software giant. This acquisition encompasses approximately 1 million users, marking a significant shift in the US cybersecurity landscape.
The move follows the US government’s decision in 2017 to ban Kaspersky’s software from federal agencies, citing concerns over potential espionage. This ban was later expanded to include all government entities and critical infrastructure. The ongoing tensions between the US and Russia, exacerbated by the war in Ukraine, have further fueled concerns about potential security risks associated with Kaspersky’s products.
Pango Group, a relatively lesser-known player in the cybersecurity industry, is seizing the opportunity presented by Kaspersky’s US departure. The acquisition allows Pango Group to expand its customer base significantly, potentially boosting its market share and visibility. The company aims to transition Kaspersky users to its own cybersecurity solutions, providing a seamless transition for individuals and businesses.
However, the acquisition raises questions about Pango Group’s capabilities and its ability to adequately meet the needs of such a large user base. Experts point out the need for rigorous due diligence, ensuring that Pango Group’s security protocols and data privacy practices meet the high standards expected in the US market.
The future of Kaspersky’s US presence remains uncertain. While the acquisition by Pango Group addresses the immediate needs of its existing customers, it remains to be seen how this event will shape the broader cybersecurity landscape in the US. The move highlights the escalating competition and evolving security concerns in the digital world, emphasizing the need for robust cybersecurity measures to safeguard critical infrastructure and personal data.