Wave Systems Corp. (fka WAVXQ)

[Genz2]

Kaspersky freezes partnership with Europol after EU calls for company ban

There is possibly a lot of potential customers looking for a great anti malware product in the EU now. It seems that there could be a lot of business for the Wave Endpoint Monitor. In many ways its better than standard anti malware products. imo. Would AXA want Kaspersky anti malware products protecting its customers or Wave Endpoint Monitor?

https://www.cyberscoop.com/kaspersky-europol-eu-ban/

Kaspersky Lab pulled out of a partnership with Europol on Wednesday after the European Parliament passed a resolution characterizing Kaspersky “confirmed as malicious” and calling for a company ban.

The measure passed 476 to 151.

The “European Parliament decision welcomes cybercrime,” Kaspersky founder Eugene Kaspersky tweeted on Wednesday.

The company has worked with Europol for years on cybercrime investigations. Kaspersky also has a notable partnership with Interpol, where the company has supplied threat intelligence, hardware, software, digital forensics and other operations.

Kaspersky also pulled out of the No More Ransom project, a partnership between public and private organizations to detect and prevent the spread of ransomware.

The European Parliament resolution is not a ban or legally binding, but it does recommend banning the company as part of a wide review of information technology used throughout the European Union.

Wednesday’s vote signals a new wave of challenges for the company. Kaspersky Lab is already banned from U.S. federal systems, banned from sensitive United Kingdom systems and it’s being phased out of Dutch systems.

U.S. officials accuse the company of being a national security threat complicit in Russian spying. The U.S. ban goes into full effect as of Oct. 1, 2018.

In response, Kaspersky has been waging several lawsuits against the U.S. government and even promised to move “a good part” of the company’s infrastructure to Switzerland in an effort toward transparency.

William Evanina, the Director of the National Counterintelligence and Security Center, told CyberScoop that the Switzerland move doesn’t make a difference to him. The company remains, in his eyes, a national security threat.