Check Point Software Technologies Ltd - CHKP STOCK NEWS

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.

Check Point Software Technologies (NASDAQ: CHKP) released the 2020 Cloud Security Report, revealing significant concerns in public cloud security. Key findings show that 75% of security professionals are worried about cloud security, with misconfiguration (68%) being the top threat. Additionally, 82% reported that traditional security solutions offer limited support for cloud environments. A majority of organizations (59%) expect to increase their cloud security budget in the coming year. The report highlights the urgent need for improved security measures as cloud deployments outpace protective capabilities.

Check Point Research has released its Global Threat Index for July 2020, revealing that Emotet has returned to the top spot, impacting 5% of organizations globally after a five-month dormancy. Emotet’s resurgence involves spreading malspam campaigns that infect victims with TrickBot and Qbot. Additionally, the report highlighted the most common exploited vulnerabilities, with MVPower DVR Remote Code Execution affecting 44% of organizations, followed by OpenSSL vulnerabilities impacting 42%. The report emphasizes the importance of cyber education and deploying anti-malware solutions to mitigate risks.

Check Point Software Technologies (NASDAQ: CHKP) has announced an extension of its partnership with New York University (NYU) to strengthen cyber security education. Starting this fall, NYU Tandon School of Engineering students will benefit from Check Point's eLearning program, which provides insights into the Check Point Infinity Architecture and various cyber security domains such as cloud, network, endpoint, and mobile security. The initiative aims to address the growing talent gap in the cybersecurity industry by offering students real-world skills and globally recognized credentials.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced that shareholders approved all five proposals presented at its 2020 Annual General Meeting. Approximately 106.3 million shares, representing about 76% of the outstanding shares, were voted. The company expressed gratitude to shareholders for their continued support and confidence. For detailed information on the agenda items, refer to the company's proxy statement for the annual general meeting.

Check Point Research identified serious security vulnerabilities on OkCupid that could allow hackers to access private user data. These flaws could enable unauthorized users to manipulate profiles and send messages impersonating real users. OkCupid, which has over 50 million users, quickly addressed these issues after being notified by Check Point, ensuring no users were impacted. The vulnerabilities were fixed within 48 hours, emphasizing the importance of security in online dating platforms.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) released its 'Cyber Attack Trends: 2020 Mid-Year Report', highlighting the rise of cyber threats during the COVID-19 pandemic. Attacks surged from under 5,000 to over 200,000 weekly by late April. Key findings include a 34% increase in cyber-attacks globally, with significant threats from nation-state actors targeting healthcare organizations. Notable trends include double-extortion ransomware, increased mobile exploits, and vulnerabilities in public cloud infrastructures. The report underscores the necessity for robust cybersecurity measures across all sectors.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) reported Q2 2020 financial results with a total revenue of $506 million, a 4% increase year-over-year. GAAP EPS rose to $1.38, marking a 14% increase, while non-GAAP EPS reached $1.58, up 15%. Operating income was $221 million, or 44% of revenue. Cash flow from operations increased 8% to $252 million. Notable developments included enhancements to the Infinity platform and the launch of new security solutions amid rising cyber threats during the COVID-19 pandemic.