Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a prominent player in the cybersecurity industry, has announced a definitive agreement to acquire Cyberint Technologies Ltd.
This strategic acquisition aims to enhance Check Point’s Security Operations Center (SOC) capabilities and expand its managed threat intelligence offerings by integrating Cyberint’s advanced External Risk Management solutions into the Check Point Infinity Platform.
Founded in 2010, Cyberint has rapidly emerged as a leader in External Risk Management, earning recognition as the ‘Company of the Year’ in 2023 by Frost & Sullivan.
The company addresses critical security challenges such as stolen employee credentials, fake websites, and social media impersonation. Cyberint’s solutions cater to a diverse global clientele, including Fortune 500 companies, by offering threat intelligence, digital risk protection, and attack surface management.
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Yochai Corem, CEO of Cyberint, emphasized the growing prevalence of security threats, stating, “Leaked credentials and fake websites designed for malicious purposes are staggeringly prevalent today, with over 90% of organizations facing these threats. This highlights the urgent need for real-time intelligence and proactive defense strategies, which our technology is able to mitigate in an effective way.” Corem expressed enthusiasm about the acquisition, noting that integrating Cyberint’s solutions into the Infinity Platform will enhance its ability to protect organizations comprehensively.
Sharon Schusheim, Chief Services Officer at Check Point Software Technologies, echoed this sentiment, stating, “We are excited to welcome Cyberint to the Check Point organization. Their solution aligns perfectly with our vision of collaborative threat prevention and enhances our SOC capabilities.”
Schusheim highlighted that the integration would enable Check Point to transform identified risks into autonomous preventative actions, working collaboratively across Check Point and third-party security products to contain compromised assets and mitigate external exposures.
Cyberint’s key capabilities include a comprehensive External Risk Management solution for SecOps teams, delivering impactful and actionable intelligence within 20 minutes after setup, and leveraging AI for effective risk detection and mitigation. The company’s managed services further enhance this approach by providing expert guidance and ensuring comprehensive, high-quality management.
The transaction is subject to customary closing conditions and is expected to be completed by the end of 2024. This acquisition marks a significant step for Check Point in enhancing its threat intelligence capabilities, promising a more robust defense against advanced cyber threats for its clients worldwide.
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