Cybersecurity company Group-IB has completed the first stage of separating Russian assets from its international business, the company said in a statement.

For work in Russia and the CIS, a new autonomous structure was created, headed by the local administration.

Group-IB began to separate Russian assets from international ones

Group-IB Global Private Ltd's global headquarters in Singapore continues to host Cyber ​​Threat Research Centers in Europe, Asia Pacific and the Middle East.

The company's business in Russia and the CIS will now be developed independently.

The financial flows of the Russian and international assets of the IB-Group will be completely separated

“The company's Russian revenues will be fully spent on local business development. Over the next 6 months, the ownership structure and composition of shareholders in global and local assets will also change.

According to Dmitry Volkov, CEO of Group-IB Global, such a move will give the company "more market freedom and accelerate business development in all regions where Group-IB operates."

In September 2021 in Moscow it was stopped Group-IB founder Ilya Sachkov on suspicion of treason.


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Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.


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