Welcome to our dedicated page for Check Point Software Tech news (Ticker: CHKP), a resource for investors and traders seeking the latest updates and insights on Check Point Software Tech stock.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) is a cyber security company based in Tel Aviv, Israel, known for its AI-powered Infinity Platform and prevention-first approach. The CHKP news feed on Stock Titan aggregates company announcements, industry recognitions and product updates that shed light on how Check Point is evolving its security portfolio.
Recent news highlights include scheduled earnings announcements, where Check Point reports financial results and discusses demand trends across areas such as hybrid mesh network security, workspace protection and external risk management. Investors and analysts can follow these updates to understand how product and subscription revenues are developing and how management views the company’s strategic roadmap.
Product and technology news is another key theme. Check Point has announced releases like Quantum Firewall Software R82.10, which introduces new capabilities for securing AI-driven enterprises, enforcing Zero Trust and unifying protection across hybrid networks. The company also publishes news about AI-focused offerings such as AI Cloud Protect, collaborations with partners like NVIDIA and Microsoft, and the integration of Lakera’s AI-native security technology.
In addition, the CHKP news stream features recognition from third‑party evaluators and analysts, including leadership positions in Gartner Magic Quadrant reports for email security and hybrid mesh firewalls, as well as results from enterprise firewall tests. These items provide context on how Check Point’s solutions perform in independent assessments. For anyone tracking cyber security trends, AI security developments or Check Point’s corporate actions, the CHKP news page offers a centralized view of the company’s latest disclosures and announcements.
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.
Check Point Research has released its Q3 2020 Brand Phishing Report, revealing that Microsoft was the most targeted brand in phishing attempts, rising from fifth place to account for 19% of all attacks. DHL and Google followed, each with 9%. The report indicates a significant increase in email phishing attacks, with technology, banking, and social media being the primary industries affected. The rise in phishing is attributed to the ongoing COVID-19 pandemic, as more employees work remotely. The report emphasizes the need for users to be vigilant about sharing personal data and credentials.
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Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced the acquisition of cloud-based secure remote access technology from Odo Security. This technology integrates with Check Point's Infinity architecture, enhancing security for remote work, which surged from 30% to 81% adoption due to the pandemic. Organizations face increased cyber-attack risks as they adapt to remote working. The integration allows for a unified access portal, quicker deployment, and enhanced visibility for security administrators. The deal is expected to close within a week.
Check Point Software Technologies (NASDAQ: CHKP) has been recognized as a Leader in the IDC MarketScape for Worldwide Mobile Threat Management Software for the third consecutive year. This recognition is attributed to its advanced capabilities and strategy in mobile security, crucial as mobile threats rise due to remote work. Check Point’s SandBlast Mobile provides comprehensive security for remote employees, integrating seamlessly into existing mobile environments. IDC emphasizes the need for enterprises to adopt such technology to protect against sophisticated cyber threats.
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Check Point Software Technologies (CHKP) has partnered with edX to offer free cybersecurity courses aimed at professionals and students. This initiative addresses the global cybersecurity skills gap, which currently exceeds four million. The courses, including the Check Point Jump Start series, are designed to enhance knowledge in network security, cloud security, and threat management. By providing accessible training, Check Point aims to attract new talent into the cybersecurity sector and support existing professionals in upskilling.
Check Point Research has identified significant security vulnerabilities in certain Amazon/Alexa subdomains that could allow hackers to access personal information and control user accounts. The vulnerabilities enable attackers to install and remove skills, extract voice histories, and gain access to sensitive data with just one click on a malicious link. Over 200 million Alexa devices are in use globally, making them substantial targets for cyber threats. Amazon responded swiftly to close these vulnerabilities, underscoring the importance of securing smart devices in maintaining user privacy.