Security vendor splits to address Russia’s war in Ukraine

Security vendor splits – not quits – to address Russia's invasion of Ukraine

Singapore-based security vendor and services provider Group-IB has commenced a"regional diversification" program that will see it not just continue to operate in Russia , but do so with a dedicated entity.by CEO Dimitry Volkov, the company's global HQ in Singapore will manage its activities and assets in Southeast Asia, Europe, and the Middle East.

Volkov pledged that within six months, Group-IB will change its ownership structure so that its assets, and those used by the made-for-Russia entity, are"owned by different stakeholders and UBOs." The CEO said this arrangement will allow Group-IB to go about its business independent of"external circumstances."

Which is almost certainly code for"Russia's illegal invasion of Ukraine that has so outraged the world that plenty of tech vendors quit Russia in protest."

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