Check Point Software Technologies Ltd - CHKP STOCK NEWS

Check Point Software Technologies has launched the Quantum Titan, an advanced cybersecurity platform. This release utilizes AI and deep learning to enhance IoT security and combat sophisticated threats, including zero-day phishing attacks and DNS exploits. Quantum Titan features three innovative software blades, providing five times more DNS attack prevention and four times more effectiveness against phishing than traditional methods. The platform will be generally available in November 2022, promising faster response times and smarter protection for complex networks.

Check Point Software Technologies (NASDAQ: CHKP) has been recognized as a leader in The Forrester Wave™: Enterprise Firewalls, Q4 2022 report. Forrester praises Check Point for its innovative threat prevention technologies and exceptional user interface. The report highlights Check Point's effective use of AI and machine learning in combating sophisticated cyber threats. Additionally, the company's Quantum Intrusion Prevention System is noted for superior performance. Check Point continues to excel in customer support and usability, maintaining strong operational integrity during the pandemic.

Check Point Software Technologies (NASDAQ: CHKP) has launched a new Managed Security Service Providers (MSSPs) Program aimed at reducing administrative burdens while enhancing partner profitability through a services-led approach. The program features the Horizon MDR/MPR solution, allowing co-branding opportunities and access to Check Point’s integrated security portfolio. As the managed security services market is projected to reach $53.2 billion by 2031, Check Point emphasizes its commitment to evolving with market demands by investing in operational improvements, training, and expert support for partners.

Check Point Research has released its Global Threat Index for September 2022, highlighting significant shifts in malware prevalence and cyberattack patterns. The infostealer Vidar has made an entry into the top ten malware list, ranking eighth, following a fake Zoom campaign. Eastern European countries, particularly Ukraine, Poland, and Russia, have seen a marked increase in cyber threats, with Ukraine’s threat rank escalating by 26 places. The Education/Research sector remains the most targeted globally, with 43% of organizations affected by the “Web Server Exposed Git Repository” vulnerability.

Check Point Software Technologies (NASDAQ: CHKP) released findings from a survey by Analysys Mason, revealing that many small and medium-sized businesses (SMBs) are unprepared for rising cyber risks despite increased IT spending. The survey highlighted that 28% of SMBs report revenue loss due to cyberattacks, and only 22% feel protected. While investments in technology have increased for hybrid working, the lack of cybersecurity expertise remains a significant challenge. SMBs need to reassess their security budgets and consider partnerships with Managed Service Providers for better protection.

Check Point Software Technologies Ltd (NASDAQ: CHKP) will announce its financial results for Q3 ended September 30, 2022, on October 27, 2022, before the market opens. The company will hold a video conference call for investors at 8:30 AM EDT/5:30 AM PDT on the same day. Check Point is recognized for its advanced cyber security solutions that protect enterprises from 5th generation cyber-attacks, with a commitment to safeguarding over 100,000 organizations globally.

Check Point Research has released its Global Threat Index for August 2022, revealing that FormBook is now the most prevalent malware, impacting 5% of organizations. This infostealer targets Windows OS and is marketed as Malware as a Service. The Android spyware Joker ranks third in mobile malware, reportedly signing users up for services without consent. The Apache Log4j Remote Code Execution vulnerability leads all exploited vulnerabilities, affecting 44% of organizations. The Education/Research sector is still the most targeted by cybercriminals.

Check Point Software Technologies (NASDAQ: CHKP) has launched Check Point Horizon, a new cyber security suite focused on prevention. This platform includes Managed Prevention and Response (MDR), Extended Prevention and Response (XDR), and a comprehensive events capability, designed to improve defenses across networks, clouds, and endpoints. The launch comes in response to a reported 42% increase in global cyberattacks, with ransomware now being the top threat. Check Point Horizon already serves 120 active customers worldwide and aims to streamline security operations while reducing costs.