Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Research has released its Global Threat Index for September 2021, highlighting that Trickbot has regained its position as the most prevalent malware, impacting 4% of organizations globally. Meanwhile, njRAT enters the top ten for the first time. Following the January takedown of Emotet, Trickbot has become increasingly popular, adapting with new capabilities. The report also reveals a significant 40% increase in attacks compared to 2020. Additionally, Web Server Exposed Git Repository Information Disclosure is the top exploited vulnerability, affecting 44% of organizations.

Rosie Labs, a New York City-based marketing collaborative, has launched a new branch in Tel Aviv to assist Israeli companies in entering the U.S. market. This new expansion is led by Ronit Druker, an expert in marketing and management, with experience from CheckPoint and Payoneer. The launch aims to bridge the geographical gap for Israeli tech firms seeking growth in the U.S. market. Additionally, Shauna Lagatol has been appointed to lead global operations, leveraging her extensive background in brand strategy to enhance service offerings for clients.

Check Point Software Technologies (NASDAQ: CHKP) reports a significant rise in cyberattacks globally, with a 40% increase in weekly attacks in 2021 compared to 2020. The average weekly attacks peaked in September 2021 at over 870 per organization. Africa remains the most targeted, averaging 1,615 attacks weekly. The Education sector experiences the highest attacks, averaging 1,468 weekly. Additionally, 1 in 61 organizations worldwide is impacted by ransomware each week, a 9% increase from 2020.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced it will release its third quarter financial results on October 28, 2021, before U.S. market opening. Management will host a video conference call at 8:30 AM EDT to discuss the results. Investors can access the live webcast on the company's website. Check Point is a leading provider of cyber security solutions, protecting over 100,000 organizations globally.

The recent alliance between Alkira and Check Point Software Technologies (CHKP) aims to enhance cloud security solutions for enterprises. By integrating Check Point's CloudGuard firewalls into Alkira's Cloud Network infrastructure as-a-Service (CNaaS), organizations can now implement consistent security controls across cloud and on-premises networks. This collaboration addresses the complexities faced by enterprises in managing security policies in multi-cloud environments. Alkira provides a robust network service while Check Point offers advanced threat prevention capabilities, promising improved efficiency and performance for clients.

Check Point Software Technologies advises that the news release titled "August 2020’s Most Wanted Malware: Evolved Qbot Trojan Ranks On Top Malware List For First Time" issued on September 10, 2021, should be disregarded. This announcement clarifies that the previous report contained content that is no longer relevant or accurate, emphasizing the importance of accurate information in cybersecurity reporting.

Check Point Research (CPR) has released its August 2021 Global Threat Index, highlighting Formbook as the most prevalent malware, impacting 4.5% of organizations globally. This marks a shift as Trickbot drops to the second position. The banking trojan Qbot has fallen out of the top 10 entirely. Newly identified Remcos enters at sixth place. Additionally, the report reveals that Web Server Exposed Git Repository Information Disclosure is the most commonly exploited vulnerability, affecting 45% of organizations worldwide.

Check Point Software (NASDAQ: CHKP) announced the acquisition of Avanan, a leader in cloud email security. This integration aims to enhance the cybersecurity landscape, particularly in email and SaaS collaboration suites, addressing the growing threat of phishing attacks, which have increased sharply during the pandemic. Avanan's technology will be embedded into Check Point Infinity architecture, enabling organizations to modernize their email security systems. This acquisition is expected to bolster Check Point's position in the cybersecurity market by providing a comprehensive solution against sophisticated email threats.