Check Point Software Technologies has officially announced its intention to acquire Cyberint, a pioneer in External Risk Management solutions; although the financial details of the transaction have not been disclosed. This strategic acquisition aims to significantly enhance Check Point’s Security Operations Center (SOC) capabilities and substantially expand its threat intelligence portfolio.
In 2013, Cyberint was honored with the prestigious ‘Company of the Year’ award by Frost & Sullivan, establishing itself as a leader in the realms of threat intelligence, digital risk protection, and attack surface management. The company serves a global clientele across 170 countries, including 69 Fortune 500 companies, reflecting its robust industry presence and expertise.
In today’s digital landscape, phishing attacks targeting employee login credentials have become a prevalent and ongoing threat. Cyberint excels in addressing this issue by providing real-time intelligence and proactive defense strategies. Leveraging advanced AI technologies, Cyberint aims to enhance information security while minimizing false positives, thus offering a comprehensive solution to mitigate these threats.
In related developments, Check Point Software Technologies is forecasting significant growth in the cybersecurity market by 2031. To capitalize on this opportunity, the company is planning to invest an additional $2 billion to facilitate further mergers and acquisitions. This strategic investment is intended to reduce competition and expand Check Point’s customer base by acquiring assets from other firms in the sector.
Moreover, Check Point highlights a critical trend in cybersecurity: 90% of attacks on corporate networks originate from phishing emails. Alarmingly, 72% of these phishing attacks lead to the dissemination of malware or ransomware, in addition to credential theft. With the rise of Generative AI, the sophistication of such attacks has evolved, with cybercriminals increasingly targeting the same compromised networks multiple times.
This acquisition and investment strategy underscores Check Point’s commitment to bolstering its cybersecurity infrastructure and expanding its influence in the industry, positioning itself to address emerging threats and sustain its competitive edge in the evolving digital threat landscape.
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