Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Software Technologies (NASDAQ: CHKP) has enhanced its Harmony Connect Secure Access Service Edge (SASE) by introducing VPN-as-a-service and new global points of presence (PoPs). These updates aim to improve security and connectivity for remote and hybrid workforces, utilizing zero-trust frameworks and device posture validation. The solution boasts a 100% catch rate for malware threats, addressing the complexities of distributed enterprise security. The enhancements support organizations in better managing growing remote operations while enhancing user experiences.

Check Point Software Technologies has released its 2022 Security Report, highlighting a 50% increase in global cyber-attacks compared to 2020. The Education and Research sector was the most targeted, averaging 1,605 weekly attacks (up 75%). Software vendors saw the highest growth at 146%. Major trends include a rise in cloud services vulnerabilities and the resurgence of the Emotet botnet. Notably, governmental responses to ransomware attacks have shifted from reactive to proactive measures.

Check Point Software Technologies (NASDAQ: CHKP) has launched its new Quantum Lightspeed Firewalls, which are said to provide remarkable network security enhancements. Utilizing innovative ASIC technology, these firewalls offer up to 3 Tbps throughput and 3 microseconds latency, marking a significant advancement in cybersecurity capabilities. The product claims five times better firewall throughput, ten times faster processing, and twenty times improved price performance compared to competitors. It targets the evolving needs of hybrid data centers as enterprises grapple with increased network traffic.

Check Point Research has released its Q4 2021 Brand Phishing Report, revealing DHL as the top brand imitated by cybercriminals, accounting for 23% of phishing scams. This marks a significant increase from Q3, where it was only 9%. Microsoft follows with 20%, down from 29%. The report indicates a robustness in social media targeting, with WhatsApp climbing to 3rd position at 11%. The findings underscore the need for consumers to be more vigilant, particularly during the festive season, as opportunistic attacks continue to rise.

Check Point Research has released its Global Threat Index for December 2021, highlighting significant cybersecurity threats. The report indicates that Trickbot remains the leading malware, affecting 4% of organizations, while Emotet has surged from seventh to second place. The Apache Log4j vulnerability is the most exploited, impacting 48.3% of organizations globally. The report notes that the Education/Research sector is the most targeted industry. The information emphasizes the need for improved email security solutions to combat these evolving threats.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) will release its fourth quarter and full-year financial results for the period ending December 31, 2021, on February 3, 2022, before U.S. markets open. A video conference call for investors will follow at 8:30 AM EST. Stakeholders can access a live webcast on the company's investor relations website. Check Point is recognized for providing cyber security solutions to over 100,000 organizations worldwide, offering protection against advanced cyber threats.

Check Point Harmony Endpoint has been recognized as a Major Player in two IDC MarketScape reports for its strong endpoint security capabilities. The reports highlight Check Point’s profitability for over 15 years, a broad product portfolio, and distinctive features such as rollback remediation. The ZoneAlarm brand allows Check Point to engage actively in the consumer market. The reports underscore the importance of integrating security solutions to enhance user protection against various threats, including malware and ransomware.