Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Research released its Global Threat Index for March 2023, highlighting a new campaign by the Emotet Trojan, which has become the second most prevalent malware, impacting organizations globally through spam emails with malicious OneNote files. This campaign successfully evades Microsoft’s macro block, showing the sophistication of Emotet. The report also indicates that the Apache Log4j Remote Code Execution vulnerability remains the most exploited, affecting 44% of organizations, with HTTP Headers and MVPower DVR vulnerabilities following closely. The education/research sector was the most targeted industry last month.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) will release its financial results for Q1 2023 on May 1, 2023, before U.S. markets open. The management will host a video conference call at 8:30 AM EST to discuss the results. This event is crucial as investors await insights into the company's performance amidst a growing cybersecurity landscape. Check Point continues to protect over 100,000 organizations with its advanced cybersecurity solutions, including Check Point Harmony, CloudGuard, and Quantum, designed to combat evolving cyber threats.

Check Point Software Technologies (NASDAQ: CHKP) unveiled Infinity Global Services, an extensive cybersecurity solution designed to enhance organizational defenses against advanced cyber threats. Launched on March 15, 2023, this service addresses the growing cybersecurity skills gap, enabling firms to bolster their cybersecurity practices across various business sizes. With comprehensive service offerings spanning 30 areas, it focuses on improving threat prevention, incident response, and team capabilities, offering real-time threat intelligence and managed detection services.

Infinity Global Services will be available through Check Point's global partner network this summer.

Check Point CloudGuard AppSec has been recognized as a leader in GigaOm’s Application and API Security Radar Report. The report highlights Check Point’s innovative use of Preemptive Artificial Intelligence to shield cloud applications from complex zero-day attacks, such as Log4j. This recognition validates Check Point’s strategy of employing Machine Learning to enhance cloud security. GigaOm noted the platform's capability to integrate traditional security tools with advanced AI functionalities. With a 38% increase in global cyberattacks in 2022, the demand for comprehensive security solutions is critical.

Check Point Software Technologies (NASDAQ: CHKP) has released its Global Threat Index for February 2023, highlighting that Remcos Trojan was used in phishing attacks on Ukrainian government entities. This malware's resurgence marks its return to the top ten for the first time since December 2022. The report indicates a 44% drop in weekly attacks per organization, yet Ukraine remains a primary target for cybercriminals. The Education/Research sector is noted as the most attacked industry. Additionally, the most exploited vulnerabilities include 'Web Servers Malicious URL Directory Traversal' affecting 47% of organizations globally.

Check Point Software Technologies (NASDAQ: CHKP) announced major leadership changes to enhance its business performance. Nataly Kremer has been appointed as Chief Product Officer and Head of R&D, bringing 12 years of experience from AT&T. Dr. Dorit Dor becomes the Chief Technology Officer, having played a pivotal role in the company for over 27 years. Rupal Hollenbeck has been promoted to President, continuing her leadership in commercial strategy. These changes aim to strengthen Check Point’s capabilities in delivering advanced cybersecurity solutions and meeting customer demands amid evolving industry challenges.

Check Point Software Technologies (NASDAQ: CHKP) has launched Check Point Infinity Spark, a new threat prevention solution designed for small and medium-sized businesses (SMBs). This platform delivers comprehensive security across networks, email, endpoint, and mobile devices with a 99.7% malware catch rate. Infinity Spark aims to simplify cybersecurity operations for SMBs, especially amid a shortage of skilled professionals. It consolidates security management, potentially reducing operational costs for managed service providers by 50%. The Infinity Spark suite is now available for order, offering an affordable, all-in-one security solution.