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CHECK POINT SOFTWARE TECHNOLOGIES LTD.

(CHKP)
  Report
Delayed Nasdaq  -  04:00 2022-11-28 pm EST
130.85 USD   -1.18%
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Clarks Consolidates End-to-End Cybersecurity Estate with Check Point Software Technologies

09/07/2022 | 06:01am EST

SAN CARLOS, Calif., Sept. 07, 2022 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, today announced that Clarks, a world-renowned shoe company, has overhauled its complete cybersecurity posture to a consolidated approach with Check Point Infinity Unified Management, Harmony, Quantum and CloudGuard solutions. This was especially important during the pandemic when Clarks had to rapidly scale up security to seamless VPN access to corporate networks and resources, as people began working from home. Clarks was able to improve security, gain better visibility and simplify management, while saving costs by eliminating several other vendor solutions.

Clarks is a global shoe manufacturing and retail company with more than 1,400 stores in 75 countries. With a complex IT network across manufacturing, distribution, retail, and the ever-increasing rise in cybercrime, Clarks took a proactive approach to secure its networks against the next generation of sophisticated cyber-attacks. Previously, the complexity of management across multiple solutions had made maintaining and managing policies significantly more difficult.

When a new in-house IT team came on board, Clarks adopted a consolidated end-to-end strategy with Check Point Software’s Infinity architecture for more robust security functionality, simplified management, and better visibility over its security architecture.

"We already had a great relationship with Check Point Software, and that made our decision easy. We opted for Check Point Quantum Security Gateways as they allow us to consolidate and simplify our security operations,” said Dan Fletcher, Network Service Manager at Clarks. “We now have increased the overall level of protection, while also reducing the work needed to manage security policies and rules by more than 50%.”

"The URL filtering has been especially useful. It detects and prevents web access security events, and SSL inspection technology scans and secures SSL/TLS encrypted traffic,” explained Paul Davey, Infrastructure Service Specialist at Clarks. “As a result, we were able to eliminate seven internet proxies we were using around the world."

“It’s fantastic to see that Clarks has chosen our solutions for its security overhaul, gaining not just simplified management and better threat prevention and visibility, but improved cost efficiencies too,” said Ian Porteous, Regional Director, Security Engineering, UK&I at Check Point Software. “Clarks' infrastructure now has state-of-the-art protection against known and unknown cyberattacks and threats, and the automated security functions that will reduce the time to identify and remediate threats, allowing the team to make decisions more quickly and efficiently.”

Check Point Software consolidated Clarks’ security infrastructure to provide automated defenses across its organization. Clarks also gained full protection against all kinds of cyberattacks, even the most sophisticated fifth generation (Gen V) attacks that are multi-vector. The Check Point Software solutions that the company deployed included:

  • Seven Check Point Quantum Security Gateway clusters defend the company’s global footprint and provide ultra-scalable protection against Gen V cyber-attacks. The advanced threat prevention technologies included firewall, IPS, Anti-Bot, Antivirus, Application Control, and URL Filtering. As the pandemic unfolded, Quantum remote access VPN made it easy for the team to quickly and securely connect 600 remote users per day (the previous system only allowed for 200 users in total.)

  • Check Point CloudGuard Network Security to secure cloud-based solutions in minutes. Check Point’s industry-leading advanced threat protection and single-pane-of-glass management makes it easy for Clarks to ensure consistent, comprehensive security protections across its estate. The Check Point team used CloudGuard Network Security to set up a virtual hub in Azure, providing secure connectivity between the data center and cloud.

  • Check Point Infinity Unified Management to provide unified visibility of Clarks’ entire network environment — enabling easy and flexible policy management, enterprise-wide configuration and deployment, and consolidation. Furthermore, multiple security administrators can modify policies simultaneously for highly efficient and agile policy management.

  • Check Point Harmony Endpoint for complete endpoint protection and automated attack detection and remediation (EDR). Harmony Endpoint handles URL filtering on the endpoint, giving users much better performance while Check Point Zero-Phishing, AI-based technology identifies and blocks phishing in real time.

  • Check Point Quantum SmartEvent event management to provide full threat visibility with a single view into security risks. Including real-time forensics, event investigation, compliance, and reporting.

  • Check Point Quantum Compliance to continuously monitor a company’s network security compliance with regulations and security best practices

Follow Check Point via:
Twitter: https://www.twitter.com/checkpointsw
Facebook: https://www.facebook.com/checkpointsoftware
Blog: https://blog.checkpoint.com
YouTube: https://www.youtube.com/user/CPGlobal
LinkedIn: https://www.linkedin.com/company/check-point-software-technologies

About Check Point Software Technologies Ltd. 

Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading provider of cyber security solutions to corporate enterprises and governments globally.  Check Point Infinity´s portfolio of solutions protects enterprises and public organisations from 5th generation cyber-attacks with an industry leading catch rate of malware, ransomware, and other threats. Infinity comprises three core pillars delivering uncompromised security and generation V threat prevention across enterprise environments: Check Point Harmony, for remote users; Check Point CloudGuard, to automatically secure clouds; and Check Point Quantum, to protect network perimeters and datacenters, all controlled by the industry’s most comprehensive, intuitive unified security management. Check Point protects over 100,000 organizations of all sizes.

MEDIA CONTACT: INVESTOR CONTACT:
Emilie Beneitez Lefebvre Kip E. Meintzer
Check Point Software TechnologiesCheck Point Software Technologies
press@checkpoint.comir@us.checkpoint.com

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Source: Check Point Software Technologies INC

2022 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2022 2 327 M - -
Net income 2022 779 M - -
Net cash 2022 3 609 M - -
P/E ratio 2022 21,4x
Yield 2022 -
Capitalization 16 410 M 16 410 M -
EV / Sales 2022 5,50x
EV / Sales 2023 4,99x
Nbr of Employees 5 642
Free-Float 38,5%
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Mean consensus HOLD
Number of Analysts 30
Last Close Price 130,85 $
Average target price 137,23 $
Spread / Average Target 4,88%
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Managers and Directors
Gil Shwed Chief Executive Officer & Director
Tal Payne Chief Financial Officer
Jerry T. Ungerman Chairman
Sharon Schusheim Chief Information Officer & VP-Information System
Yoav Z. Chelouche Independent Director
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