Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Software Technologies (NASDAQ: CHKP) has partnered with ISACA, becoming an accredited trainer to enhance cyber-security training for Chief Information Security Officers (CISOs). This collaboration aims to equip professionals with essential skills through ISACA’s courses accessed via Check Point’s training portal. The partnership underscores Check Point's commitment to cyber-security education, previously demonstrated by their SecureAcademy program, which is now adopted by over 100 academic institutions worldwide.

Check Point Research has released its latest report highlighting a significant uptick in cyber attacks utilizing the Phorpiex Botnet, primarily distributing the Avaddon ransomware.

In November 2020, Phorpiex impacted 4% of organizations globally, marking it as the month’s most prevalent malware. The report also identifies the HTTP Headers Remote Code Execution (CVE-2020-13756) as the most commonly exploited vulnerability, affecting 54% of firms worldwide. Companies are urged to enhance protection measures and employee awareness to combat these threats.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) has announced its partnership with (ISC)², allowing global cyber-security practitioners, especially CISOs, to access professional certification training and exam preparation courses. This collaboration enhances options for CISOs to develop their skills amidst digital transformation challenges. The initiative addresses the cybersecurity skills shortage and supports Check Point’s commitment to education, with over 100 universities involved in its SecureAcademy program.

Check Point Software Technologies (CHKP) has been recognized as a Leader in the Gartner Magic Quadrant for Enterprise Network Firewalls for the 21st time. This recognition highlights the company’s commitment to integrating cloud and on-premise security, enhancing performance, and centralized security management. Infinity Architecture is noted for its advanced threat prevention capabilities, including Zero Day Protection, and comprehensive security solutions for various environments. The press release emphasizes Check Point's ability to secure all aspects of enterprise networks amidst evolving cyber threats.

Check Point Software Technologies (NASDAQ: CHKP) has published its cyber-security predictions for 2021, highlighting emerging threats that organizations will face. The report indicates that COVID-19 impacts will continue to shape security priorities, with 81% of enterprises adopting mass remote working, and 74% planning to maintain it permanently. Key focus areas include securing distributed networks, addressing ransomware threats, and securing new 5G networks. Notably, a 30% increase in cyber-attacks in the education sector has been observed as institutions transition to remote learning.

Check Point Software Technologies has launched the R81 platform, a next-generation unified cybersecurity solution designed to streamline security management across distributed enterprises. The platform automates threat prevention, significantly reducing policy installation time by up to 90%. Given the rise in cyber threats during the pandemic, R81 provides autonomous threat prevention and rapid deployment capabilities, allowing security teams to efficiently manage complex network environments. Notably, R81 is available as a free upgrade for existing customers.

Check Point Research reveals that Trickbot and Emotet are the most prevalent malware in its Global Threat Index for October 2020. These trojans are primarily distributed as ransomware targeting the healthcare sector, with a reported 71% increase in attacks in the U.S. since September. The FBI has issued warnings regarding these threats, indicating over one million Trickbot infections worldwide. Additionally, vulnerabilities like MVPower DVR Remote Code Execution are being exploited, affecting 43% of organizations globally.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) reported Q3 2020 financial results with total revenue of $509 million, a 4% increase year-over-year. GAAP EPS reached $1.42, up 14% from the previous year. The company cited strong performance, particularly in security subscriptions, which rose 10%. Deferred revenues increased 5% to $1,302 million. Significant business expansions included acquiring Odo Security and launching the Infinity SOC to enhance cybersecurity capabilities.