Check Point Software Technologies Ltd - CHKP STOCK NEWS

Check Point Software Technologies (NASDAQ: CHKP) has announced an expanded collaboration with Intel Corporation to enhance the anti-ransomware capabilities of Check Point Harmony Endpoint. The integration of Intel's Threat Detection Technology (TDT) will provide enterprises with anti-ransomware security at both hardware and software levels without additional costs. With a reported 42% increase in cyberattacks, this partnership aims to bolster the protection of endpoints against evolving ransomware threats, employing AI and machine learning for early detection.

Check Point Software Technologies (NASDAQ: CHKP) has been recognized as a Leader in the Gartner Magic Quadrant for Network Firewalls for the 23rd time, underscoring its ability to execute and completeness of vision. This recognition signifies Check Point's long-term commitment to cybersecurity and its innovative solutions like Check Point Quantum and CloudGuard. Featuring advanced AI-based threat prevention and comprehensive security management, Check Point aims to protect organizations from sophisticated cyber threats, enhancing operational efficiency and reducing costs.

Check Point Research reports a resurgence in Emotet, now the second most prevalent malware globally, with a 4% impact on organizations. Qbot returns to the index for the first time since 2021, also impacting 4% of organizations. The Education sector remains the most attacked industry. Additionally, common vulnerabilities include Web Servers Malicious URL Directory Traversal at 46% and Web Server Exposed Git Repository Information Disclosure at 45%. Cybersecurity remains critical as threats evolve and target diverse sectors.

Check Point Software Technologies has launched the CyberUp accelerator program to bolster Israel's cybersecurity start-ups, enhancing market access and developing the local ecosystem. The initiative will support selected companies with established solutions beneficial to Check Point’s clients, fostering innovation and collaboration. The first cohort includes seven early-growth companies, demonstrating a commitment to the sector's growth. With a focus on customer engagement, the 16-week program offers exposure to global markets and key industry players, alongside marketing initiatives to increase visibility.

Check Point Software Technologies (NASDAQ: CHKP) has released its 2023 cyber-security predictions, highlighting significant challenges organizations will face, including a 28% increase in cyberattacks in Q3 2022 compared to 2021. The rise in threats is driven by ransomware and state-mobilized hacktivism. The company emphasizes the need for security infrastructure consolidation amid a widening global cyber workforce gap of 3.4 million. Key predictions include evolving malware, governmental regulations, and the necessity for simplified security measures to mitigate risks.

Check Point Research has revealed a significant rise in Lokibot attacks, which moved to third place among malware for the first time in five months. AgentTesla remained the most prevalent malware, affecting 7% of organizations globally. A new critical vulnerability, Text4Shell, impacting the Apache Commons Text library, was also disclosed. The Education/Research sector continues to be the most attacked industry, followed by Government/Military and Healthcare. The most commonly exploited vulnerabilities include Web Server Exposed Git Repository Information Disclosure, affecting 43% of organizations.

Check Point Software Technologies (NASDAQ: CHKP) reported strong financial results for Q3 2022, achieving $578 million in total revenue, an 8% year-over-year increase. Security subscription revenues surged to $216 million, a 13% increase, with deferred revenues reaching $1,647 million, also up 13%. GAAP EPS rose 5% to $1.47, while non-GAAP EPS increased 7% to $1.77. The company also announced the introduction of Horizon, a new security operations suite. CFO Tal Payne will take a six-month sabbatical, with VP finance Roei Golan stepping in.

Check Point Software Technologies (CHKP) has been named a leader in the 2022 GigaOm Radar Report for Cloud Security Posture Management (CSPM). This recognition comes due to its CloudGuard platform's innovative compliance framework monitoring and powerful automation capabilities, which enhance cloud security and operational efficiency. The report assesses CSPM solutions based on technical capabilities, showcasing Check Point's maturity and innovation. The company emphasizes its focus on preventing vulnerabilities in cloud deployments, further enhancing its standing in the cybersecurity landscape.

Check Point Research has published its Q3 2022 Brand Phishing Report, detailing the brands most frequently impersonated by cybercriminals. DHL topped the list, accounting for 22% of phishing attempts, followed by Microsoft at 16% and LinkedIn at 11%. This marks a significant shift from previous quarters. As the holiday shopping season approaches, Check Point warns that phishing scams may increase, particularly targeting shipping-related communications. Users are advised to verify delivery notifications directly through official websites.