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Check Point Software Technologies Ltd. (NASDAQ: CHKP) is a global leader in network cybersecurity, specializing in delivering cutting-edge solutions to protect enterprises from a wide array of cyber threats. Founded in 1993 and headquartered in Tel Aviv, Israel, Check Point has grown to become the largest network cybersecurity vendor in the world, safeguarding over 100,000 organizations of all sizes across multiple industries.
Check Point's comprehensive security solutions encompass network, endpoint, cloud, and mobile security, fortified by its innovative AI-powered Infinity platform. This platform integrates technologies such as Check Point Harmony for workspace security, Check Point CloudGuard for cloud security, and Check Point Quantum for network security, all managed through Check Point Infinity Core Services for collaborative security operations.
Recent achievements include the launch of Quantum Spark next-generation firewalls designed to provide SMBs with robust AI-powered threat prevention and automated security management. These firewalls offer up to 5 Gbps of threat prevention performance and a 99.8% block rate against zero-day malware, phishing, and ransomware.
Financially, Check Point has demonstrated strong performance with impressive growth metrics. In the fourth quarter of 2023, the company achieved a 14% non-GAAP EPS growth and a non-GAAP operating margin of 45%, showcasing its efficient operational framework and strong market position. Additionally, the firm's Infinity platform has driven substantial subscription revenue growth, reflecting increasing customer adoption and trust.
Check Point's global footprint is supported by strategic partnerships and a robust ecosystem of Managed Service Providers (MSPs) that are crucial in delivering tailored cybersecurity solutions to small and medium-sized businesses (SMBs). By 2025, MSPs are expected to represent 40% of SMB cybersecurity expenditures, underscoring their vital role in the cybersecurity landscape.
In response to the evolving cyber threat landscape and the increasing complexity of securing AI-driven environments, Check Point has introduced AI Cloud Protect in collaboration with NVIDIA. This solution is designed to secure AI workloads in the cloud, providing comprehensive protection against sophisticated cyber threats.
As Check Point marks its 30th anniversary, the company is poised for continued innovation and growth. Founder and CEO Gil Shwed is transitioning to the role of Executive Chairman, ensuring a seamless succession process as the company embarks on its next chapter.
For more details on Check Point's latest products and financial performance, visit www.checkpoint.com.
Check Point Software Technologies has released its 2022 Security Report, highlighting a 50% increase in global cyber-attacks compared to 2020. The Education and Research sector was the most targeted, averaging 1,605 weekly attacks (up 75%). Software vendors saw the highest growth at 146%. Major trends include a rise in cloud services vulnerabilities and the resurgence of the Emotet botnet. Notably, governmental responses to ransomware attacks have shifted from reactive to proactive measures.
Check Point Software Technologies (NASDAQ: CHKP) has launched its new Quantum Lightspeed Firewalls, which are said to provide remarkable network security enhancements. Utilizing innovative ASIC technology, these firewalls offer up to 3 Tbps throughput and 3 microseconds latency, marking a significant advancement in cybersecurity capabilities. The product claims five times better firewall throughput, ten times faster processing, and twenty times improved price performance compared to competitors. It targets the evolving needs of hybrid data centers as enterprises grapple with increased network traffic.
Check Point Research has released its Q4 2021 Brand Phishing Report, revealing DHL as the top brand imitated by cybercriminals, accounting for 23% of phishing scams. This marks a significant increase from Q3, where it was only 9%. Microsoft follows with 20%, down from 29%. The report indicates a robustness in social media targeting, with WhatsApp climbing to 3rd position at 11%. The findings underscore the need for consumers to be more vigilant, particularly during the festive season, as opportunistic attacks continue to rise.
Check Point Research has released its Global Threat Index for December 2021, highlighting significant cybersecurity threats. The report indicates that Trickbot remains the leading malware, affecting 4% of organizations, while Emotet has surged from seventh to second place. The Apache Log4j vulnerability is the most exploited, impacting 48.3% of organizations globally. The report notes that the Education/Research sector is the most targeted industry. The information emphasizes the need for improved email security solutions to combat these evolving threats.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) will release its fourth quarter and full-year financial results for the period ending December 31, 2021, on February 3, 2022, before U.S. markets open. A video conference call for investors will follow at 8:30 AM EST. Stakeholders can access a live webcast on the company's investor relations website. Check Point is recognized for providing cyber security solutions to over 100,000 organizations worldwide, offering protection against advanced cyber threats.
Check Point Harmony Endpoint has been recognized as a Major Player in two IDC MarketScape reports for its strong endpoint security capabilities. The reports highlight Check Point’s profitability for over 15 years, a broad product portfolio, and distinctive features such as rollback remediation. The ZoneAlarm brand allows Check Point to engage actively in the consumer market. The reports underscore the importance of integrating security solutions to enhance user protection against various threats, including malware and ransomware.
Check Point Research has published its Global Threat Index for October 2021. Trickbot, a modular botnet, continues to dominate as the most prevalent malware, impacting 4% of organizations globally. A new vulnerability in Apache HTTP Server has emerged, ranking tenth among exploited vulnerabilities. The Education/Research sector is reported as the most attacked industry. These findings highlight significant cybersecurity threats impacting organizations worldwide, with essential recommendations for companies to bolster their defenses.
Check Point Software Technologies (NASDAQ: CHKP) has launched the Check Point Mind, a training portal aimed at addressing the global cybersecurity skills shortage. Collaborating with over 200 training partners, the portal offers a variety of courses accessible for free or through payment methods including credit cards and Check Point Learning Credits. The U.S. faces a shortage of approximately 465,000 cybersecurity professionals, with a global estimate of 2.72 million. The initiative aims to equip individuals from students to executives with essential cybersecurity skills.
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