Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Software Technologies (NASDAQ: CHKP) released its 2021 Mobile Security Report, highlighting increased mobile threats faced by enterprises. Key findings include:

• 97% of organizations encountered mobile threats from multiple attack vectors in 2020.
• 46% had employees download a malicious mobile application.
• 40% of mobile devices globally are vulnerable due to chipset flaws.
• Mobile malware incidents, including banking trojans, increased by 15%.

The report urges organizations to prioritize mobile security as remote work expands.

Check Point Software Technologies (NASDAQ: CHKP) will release its Q1 financial results on April 26, 2021, before U.S. markets open. A conference call is scheduled for 8:30 AM EDT on the same day, which can be accessed via live webcast on the company's website. Check Point is a leading provider of cybersecurity solutions, protecting over 100,000 organizations worldwide with its advanced security measures against cyber threats, including malware and ransomware.

Check Point Research reports that after the takedown of the Emotet botnet, Trickbot has emerged as the leading global cyber threat. In February 2021, Trickbot topped the Global Threat Index, affecting 3% of organizations worldwide. The malware was distributed through a malicious spam campaign targeting legal and insurance sectors. Trickbot previously played a role in the costly $67 million attack on Universal Health Services, emphasizing its danger and adaptability. Check Point urges organizations to strengthen security and employee training to combat such threats.

Check Point Research has released its 2021 Security Report, revealing tactics used by cyber criminals during the COVID-19 pandemic. Key findings include over 100,000 malicious websites and 10,000 malicious files appearing daily, with 87% of organizations facing attacks exploiting known vulnerabilities. The report highlights a significant surge in ransomware, especially in the healthcare sector, which saw a 45% increase in attacks. With 46% of employees downloading malicious mobile apps, the report emphasizes urgent improvements in cloud security and remote working defenses.

Check Point (NASDAQ: CHKP) has launched CPX360, a virtual event addressing cybersecurity challenges, with a focus on strategies to prevent cyber threats. CEO Gil Shwed highlighted a 50% increase in cyber-attacks due to the shift to remote work during the COVID-19 pandemic. He emphasized the urgency for organizations to adopt Gen V security technologies to combat evolving threats. The event features industry experts discussing trends and new solutions, including Check Point Harmony, aimed at enhancing endpoint security.

Check Point Software Technologies (NASDAQ: CHKP) has launched Check Point Harmony, the industry's first unified solution for remote work security. Harmony addresses the security challenges posed by increased remote work, which is now a priority for enterprises, with 81% having adopted it. This solution provides comprehensive protection against known and zero-day threats, and it features a simple cloud-managed, per-user pricing model. Harmony integrates multiple security components including email and device protection, ensuring a secure remote working environment.

Check Point Software Technologies (NASDAQ: CHKP) has unveiled its new CloudGuard Application Security, an automated web application and API protection solution. This platform secures cloud-native applications against known and zero-day attacks, eliminating manual tuning and reducing false-positive alerts. The solution addresses the shortcomings of legacy Web Application Firewalls (WAFs) that struggle with the rapid evolution of cloud applications. With flexible AI-driven capabilities, CloudGuard AppSec offers continuous protection and advanced API threat prevention.

Check Point Research reports the Emotet trojan remained the top malware in January, despite a 14% decrease in global impact due to law enforcement actions. Emotet affected 6% of organizations globally, maintaining its position in the Global Threat Index. Law enforcement aims to mass-uninstall Emotet from infected hosts by April 25. The Department of Homeland Security estimates that each Emotet incident costs organizations over $1 million to rectify. Additionally, MVPower DVR Remote Code Execution was the most common vulnerability, affecting 43% of organizations worldwide.