Check Point Software Technologies Ltd - CHKP STOCK NEWS

Check Point Software Technologies (CHKP) has collaborated with Intel to integrate its Check Point Quantum IoT Protect within Intel's new platform, Intel Pathfinder for RISC-V. This partnership aims to enhance cybersecurity for IoT devices, which often lack adequate security due to limited processing resources. Check Point's solution offers real-time protection against sophisticated attacks, including zero-day vulnerabilities, ensuring robust security without compromising device performance. The collaboration underscores the importance of cybersecurity in IoT product development and aims to address the increasing threats faced by such devices.

On August 30, 2022, Check Point Software Technologies (NASDAQ: CHKP) announced that shareholders approved all four proposals during the 2022 Annual General Meeting. Approximately 98.3 million shares, or 78.4% of outstanding shares, were voted. The company expressed gratitude for the support and confidence shown by its shareholders.

For further details on the proposals, interested parties can refer to the company's proxy statement for the annual meeting.

Check Point Research reveals in its latest report that Emotet remains the most prevalent malware, despite a 50% decline in global impact. The report indicates that Emotet's enhancements, including a new credit card stealer module, continue to pose significant threats. In July 2022, Snake Keylogger dropped in rank, reflecting Microsoft’s recent decision to block macros by default. The most exploited vulnerabilities were 'Web Server Exposed Git Repository Information Disclosure' impacting 42% of organizations and 'Apache Log4j Remote Code Execution' affecting 41%. Educational sectors were the top targets for cyberattacks.

Check Point Research released its ‘Cyber Attack Trends: 2022 Mid-Year Report’, revealing the growing threat of cyberattacks as a state-level weapon, alongside the rise of ransomware as the primary threat facing organizations. Key predictions for H2 2022 include a fragmented ransomware ecosystem, diverse email infection methods, and evolving hacktivism aligned with nation-state agendas. The report highlights significant attacks on decentralized blockchain networks and the anticipated initial cyber incidents in the Metaverse, emphasizing the urgent need for robust cybersecurity measures.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) reported strong financial results for Q2 2022, achieving total revenues of $571 million, up 9% year over year. Product & License revenues rose to $133 million (12% increase) while Security Subscription revenues reached $210 million (14% increase). Deferred revenues increased 13% to $1,666 million. However, GAAP EPS fell to $1.36, a 1% decline, while Non-GAAP EPS rose 2% to $1.64. The company’s strong cash position stood at $3,676 million.

Check Point Research has released its Q2 2022 Brand Phishing Report, identifying brands most often targeted by cybercriminals. Notably, LinkedIn topped the list with 45% of phishing attempts, despite a slight decline from 52% in Q1. Microsoft surged to 13%, doubling its phishing attempts, while DHL followed closely with 12%. New entrants to the top brands included Adidas, Adobe, and HSBC. The report emphasizes the need for users to be vigilant against phishing scams that exploit trusted brands.

Check Point Research has released its Global Threat Index for June 2022, unveiling the rise of a new Android banking malware named MaliBot, which is currently the third most prevalent mobile malware. MaliBot masquerades as cryptocurrency mining apps to target mobile banking users. The well-known Emotet remains the top malware overall, while the Snake Keylogger has jumped from eighth to third place in the rankings. Significant vulnerabilities were also reported, with Apache Log4j being the most exploited, affecting 43% of organizations worldwide.

Check Point Software Technologies (NASDAQ: CHKP) has scheduled its financial results release for Q2 2022 on August 1, 2022, before U.S. markets open. A video conference call for investors will follow at 8:30 AM EDT/5:30 AM PDT, with a live webcast available on their website. Known for its leading cyber security solutions, Check Point protects over 100,000 organizations globally from advanced cyber threats with its Check Point Infinity portfolio, which includes Check Point Harmony, CloudGuard, and Quantum.

Check Point Research has released its latest Global Threat Index for May 2022, indicating that Emotet remains the leading malware, affecting 8% of organizations globally. Snake Keylogger has returned to the index in eighth place, primarily spread via PDF files to bypass security measures against other formats. Web Servers Malicious URL Directory Traversal is the most exploited vulnerability, affecting 46% of organizations, followed closely by Apache Log4j. The Education & Research sector is the most targeted by cybercriminals.