Check Point Software Tech Ltd Stock Price, News & Analysis

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.

Check Point Software Technologies (NASDAQ: CHKP) recently announced a study highlighting the benefits of its CloudGuard Cloud Network Security solution. Conducted by Forrester Consulting, the findings reveal that businesses using CloudGuard can achieve a 169% ROI over three years, with a payback period of under three months. A US-based healthcare provider reported improved productivity, lower breach costs, and simplified security management, all while maintaining compliance with regulations like HIPAA. These benefits enable firms to accelerate cloud deployments and enhance operational efficiency.

Check Point Software Technologies (NASDAQ: CHKP) announced its Quantum Spark™ series of security gateways for small and medium-sized businesses (SMBs), providing enhanced automated threat prevention and integrated security solutions. The expansion includes six advanced models designed to combat increasing cyber threats, especially as SMBs often lack the expertise to manage such risks. Features include zero-touch provisioning for easy setup, automated protection, and a mobile management app. The new models, 1600 and 1800, support businesses from one to 500 employees, with the previous 910 model now discontinued.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) reported strong financial results for Q4 and full year 2020. Q4 revenues reached $564 million, a 4% year-over-year increase, with GAAP EPS of $1.95, a 6% rise. For the full year, total revenues were $2,065 million, up 4% year-over-year, with GAAP EPS of $5.96, an increase of 10%. Key growth areas included cloud and remote access security, complemented by a robust increase in deferred revenues to $1,482 million. The company also executed a substantial share repurchase program.