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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 Research highlights a resurgence of the Emotet trojan, impacting over 100,000 users daily and affecting 7% of organizations globally. This malware has evolved from banking theft to a leading distributor of malicious software. Following a decline in November, Emotet regained its status as the top malware, coinciding with holiday spam campaigns. The Department of Homeland Security estimates each Emotet incident could cost organizations upwards of $1 million. Organizations are urged to reinforce their cybersecurity protocols.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) will disclose its financial results for the fourth quarter and full year ending December 31, 2020, on February 3, 2021, before U.S. markets open. A video conference call with management will occur at 8:30 AM EST to discuss the results. Stakeholders can access a live webcast of the call on the company's website. Check Point is recognized for its robust cybersecurity solutions, protecting over 100,000 organizations globally against cyber threats with an industry-leading catch rate.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) has announced the appointment of Ms. Rupal Hollenbeck to its Board of Directors, effective January 1, 2021. Hollenbeck, previously the Chief Marketing Officer at Oracle and a veteran of Intel, brings extensive experience in global tech. Her appointment follows the retirement of Irwin Federman, who contributed to the company's growth over 25 years. Check Point's leadership highlights confidence in Hollenbeck's ability to enhance the company's mission in cybersecurity during a time of rapid digital transformation.
Check Point has been selected by NHS National Services Scotland to enhance the security and management of sensitive health data in the public cloud. This collaboration aims to protect critical public services, such as the Covid-19 'Test & Protect' initiatives. The NHS Scotland has been transitioning to Microsoft Azure for 18 months, emphasizing the need for scalable security solutions. CloudGuard and Check Point Maestro have been implemented to ensure comprehensive threat prevention and visibility, allowing for efficient management of vaccination systems and compliance with GDPR.
Check Point Software Technologies (NASDAQ: CHKP) has partnered with ISACA, becoming an accredited trainer to enhance cyber-security training for Chief Information Security Officers (CISOs). This collaboration aims to equip professionals with essential skills through ISACA’s courses accessed via Check Point’s training portal. The partnership underscores Check Point's commitment to cyber-security education, previously demonstrated by their SecureAcademy program, which is now adopted by over 100 academic institutions worldwide.
Check Point Research has released its latest report highlighting a significant uptick in cyber attacks utilizing the Phorpiex Botnet, primarily distributing the Avaddon ransomware.
In November 2020, Phorpiex impacted 4% of organizations globally, marking it as the month’s most prevalent malware. The report also identifies the HTTP Headers Remote Code Execution (CVE-2020-13756) as the most commonly exploited vulnerability, affecting 54% of firms worldwide. Companies are urged to enhance protection measures and employee awareness to combat these threats.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) has announced its partnership with (ISC)², allowing global cyber-security practitioners, especially CISOs, to access professional certification training and exam preparation courses. This collaboration enhances options for CISOs to develop their skills amidst digital transformation challenges. The initiative addresses the cybersecurity skills shortage and supports Check Point’s commitment to education, with over 100 universities involved in its SecureAcademy program.
Check Point Software Technologies (CHKP) has been recognized as a Leader in the Gartner Magic Quadrant for Enterprise Network Firewalls for the 21st time. This recognition highlights the company’s commitment to integrating cloud and on-premise security, enhancing performance, and centralized security management. Infinity Architecture is noted for its advanced threat prevention capabilities, including Zero Day Protection, and comprehensive security solutions for various environments. The press release emphasizes Check Point's ability to secure all aspects of enterprise networks amidst evolving cyber threats.
Check Point Software Technologies (NASDAQ: CHKP) has published its cyber-security predictions for 2021, highlighting emerging threats that organizations will face. The report indicates that COVID-19 impacts will continue to shape security priorities, with 81% of enterprises adopting mass remote working, and 74% planning to maintain it permanently. Key focus areas include securing distributed networks, addressing ransomware threats, and securing new 5G networks. Notably, a 30% increase in cyber-attacks in the education sector has been observed as institutions transition to remote learning.
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