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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 has released its Q3 2020 Brand Phishing Report, revealing that Microsoft was the most targeted brand in phishing attempts, rising from fifth place to account for 19% of all attacks. DHL and Google followed, each with 9%. The report indicates a significant increase in email phishing attacks, with technology, banking, and social media being the primary industries affected. The rise in phishing is attributed to the ongoing COVID-19 pandemic, as more employees work remotely. The report emphasizes the need for users to be vigilant about sharing personal data and credentials.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced the acquisition of cloud-based secure remote access technology from Odo Security. This technology integrates with Check Point's Infinity architecture, enhancing security for remote work, which surged from 30% to 81% adoption due to the pandemic. Organizations face increased cyber-attack risks as they adapt to remote working. The integration allows for a unified access portal, quicker deployment, and enhanced visibility for security administrators. The deal is expected to close within a week.
Check Point Software Technologies (NASDAQ: CHKP) has been recognized as a Leader in the IDC MarketScape for Worldwide Mobile Threat Management Software for the third consecutive year. This recognition is attributed to its advanced capabilities and strategy in mobile security, crucial as mobile threats rise due to remote work. Check Point’s SandBlast Mobile provides comprehensive security for remote employees, integrating seamlessly into existing mobile environments. IDC emphasizes the need for enterprises to adopt such technology to protect against sophisticated cyber threats.
Check Point Software Technologies (CHKP) has partnered with edX to offer free cybersecurity courses aimed at professionals and students. This initiative addresses the global cybersecurity skills gap, which currently exceeds four million. The courses, including the Check Point Jump Start series, are designed to enhance knowledge in network security, cloud security, and threat management. By providing accessible training, Check Point aims to attract new talent into the cybersecurity sector and support existing professionals in upskilling.
Check Point Research has identified significant security vulnerabilities in certain Amazon/Alexa subdomains that could allow hackers to access personal information and control user accounts. The vulnerabilities enable attackers to install and remove skills, extract voice histories, and gain access to sensitive data with just one click on a malicious link. Over 200 million Alexa devices are in use globally, making them substantial targets for cyber threats. Amazon responded swiftly to close these vulnerabilities, underscoring the importance of securing smart devices in maintaining user privacy.
Check Point Software Technologies (NASDAQ: CHKP) has announced the launch of its Distribution Marketplace Program, partnering with Arrow Electronics and Ingram Micro to enhance its cloud security solutions. This program aims to provide partners with marketing support, financing options, and flexible consumption models. The initiative reflects a growing trend where customers prefer cloud marketplaces for security solutions. Initial offerings include Check Point's cloud security solutions on ArrowSphere in 14 European countries and the Ingram Micro Cloud Marketplace in the U.S., Canada, and Netherlands.
Claroty has announced a strategic partnership with Check Point Software Technologies (NASDAQ: CHKP) to enhance cybersecurity for operational technology (OT) and industrial control systems (ICS). This collaboration aims to provide real-time protection against cyber threats, integrating Claroty's Continuous Threat Detection with Check Point's IoT Protect solution. Both companies are set to host a webinar on August 13, focusing on cybersecurity for industrial networks. Claroty has secured $100 million in funding and operates globally, highlighting its position in the cybersecurity landscape.
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