Even if Kaspersky still fits your threat model (and it might), this revelation is still an existential threat, and if you use Kaspersky for an institution it's

Even if Kaspersky still fits your threat model (and it might), this revelation is still an existential threat, and if you use Kaspersky for an institution it's probably a good time to explore alternatives and have a plan for what to use if Kaspersky goes under.