Welcome to our dedicated page for Check Point Software Tech news (Ticker: CHKP), a resource for investors and traders seeking the latest updates and insights on Check Point Software Tech stock.
Check Point Software Technologies Ltd. provides cybersecurity software and services for enterprises, businesses, consumers and government customers. News about CHKP commonly covers results for its security subscription, product and license businesses; demand indicators such as calculated billings and remaining performance obligations; and capital actions, including ordinary-share repurchase authorizations.
Company updates also focus on the Infinity Platform and related product families, including Harmony for workspace security, CloudGuard for cloud security, Quantum for network security, Infinity Core Services, Check Point WAF and the AI Defense Plane. Recurring themes include AI-powered threat prevention, web application and API protection, SASE, email security, exposure management, government security authorizations and integrations with cloud platforms.
Check Point Software Technologies announced the CloudGuard WAF-as-a-Service (WAFaaS), an AI-powered web application firewall designed to enhance cloud security. The service is fully managed and scalable, offering protection against cyber threats and unauthorized access.
The 2024 Cloud Security Report indicated that 96% of respondents were concerned about managing cloud risks. CloudGuard WAFaaS aims to simplify and streamline this process with features like AI-based threat detection, API discovery, and DDoS prevention. The platform can be deployed in under five minutes, providing a comprehensive and cost-effective security solution.
Check Point Software has launched a new API Discovery feature on its CloudGuard platform, enhancing its Web Application Firewall (WAF) capabilities. This innovation has positioned Check Point as a leader in GigaOm's latest Radar for Application and API Security. The API Discovery tool provides comprehensive insights into API inventories across cloud environments, helping to identify exposed or vulnerable APIs, thereby enhancing security measures against unauthorized access and data breaches. GigaOm analyst Don MacVittie highlighted that Check Point earned the highest score for API protection. Check Point's 2024 Cloud Security Report noted a substantial rise in cloud security incidents, from 24% in 2023 to 61% in 2024.
Check Point Software Technologies released the 2024 Cloud Security Report, revealing a sharp increase in cloud security incidents from 24% in 2023 to 61% in 2024. The report emphasizes the need for organizations to prioritize AI-powered threat prevention measures, as only 21% focus on prevention while the majority concentrate on detection. Concerns over managing cloud risks have surged to 96%, with 91% prioritizing AI to enhance security. The report highlights the importance of implementing Cloud Native Application Protection Platforms (CNAPP) and the challenges in maintaining regulatory standards and integrating cloud services into legacy systems.
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