Financial Situation Deteriorates, CEO Quits after U.S. Commerce Department Blacklists Israeli Spyware Firm NSO Group

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Monday, November 15, 2021

Author:

Kenneth Boggess

Volume:

37

Issue:

11

Abstract:

Israeli technology firm, NSO Group, faces an uncertain future after the U.S. Department of Commerce blacklisted the firm on November 3, 2021, causing CEO-designate Isaac Benbenisti to quit and financial confidence in the company to plummet.^{^[1]} The blacklisting comes after mounting concerns over NSO Group’s Pegasus, a spyware purportedly used to maliciously target journalists, activists, and politicians around the world.

^{^[1]} Davide Scigliuzzo, Blacklisted Pegasus Spyware Firm Shunned by Wall Street, Too, Bloomberg.com (Nov. 12, 2021), https://www.bloomberg.com/news/articles/2021-11-12/spyware-firm-nso-grou....