Check Point Software Technologies Ltd. provides cybersecurity software and services for enterprises, businesses, consumers and government customers. News about CHKP commonly covers results for its security subscription, product and license businesses; demand indicators such as calculated billings and remaining performance obligations; and capital actions, including ordinary-share repurchase authorizations.
Company updates also focus on the Infinity Platform and related product families, including Harmony for workspace security, CloudGuard for cloud security, Quantum for network security, Infinity Core Services, Check Point WAF and the AI Defense Plane. Recurring themes include AI-powered threat prevention, web application and API protection, SASE, email security, exposure management, government security authorizations and integrations with cloud platforms.
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.
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.
Summary not available.
Summary not available.
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.
Summary not available.
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.