97% of Organizations Are Unprepared for Gen V Cyber Attacks, Says Check Point Software 2018 Security Report

SAN CARLOS, Calif., April 12, 2018 -- Check Point^® Software Technologies Ltd. (NASDAQ:CHKP), a leading provider of cybersecurity solutions globally, has published the 2018 Security Report. The 2018 Security Report looks at the problems facing IT security professionals worldwide across all industries, providing cyber security professionals and C-Levels the information they need to protect their organizations from 5th generation cyber threats.

Drawing upon multiple surveys of IT professionals and C-level executives as well Check Point’s Threat Cloud and threat intelligence reports, the 2018 Security Report examines modern threats against various industries, encompassing health, manufacturing, and government verticals.  A key finding from the report is that over 300 mobile apps in trusted, reputable app stores are infected with malware, while cloud threats, crypto-mining attacks and IoT device vulnerabilities are on the rise.

“We’re seeing a new generation of cyber-attacks – powered by leaked state-sponsored technology, these ‘Gen V’ attacks are multi-vector, fast-moving, and mega-scaled,” said Peter Alexander, Chief Marketing Officer of Check Point Software Technologies. “Despite this, 77 percent of CISOs expressed concern that their organizations aren’t equipped to handle these modern day attacks, and the vast majority of organizations’ security infrastructures are woefully outdated. The 2018 Security Report offers knowledge, insights, solutions, and recommendations on how to prevent these attacks.”

Seeking to uncover even more information about the modern threat landscape, Check Point surveyed 443 IT and security professionals around the world about the challenges they face in securing against Gen V attacks. Survey results reinforced findings from the Security Report in highlighting that most organizations’ security is ten years and at least two generations behind the current 5^th generation threat level underlining the worldwide, systemic Gen V vulnerability.  

“The report provides a clear overview of a threat landscape where 5th Generation cyberattacks are becoming more and more frequent,” said Doug Cahill, group director and senior cybersecurity analyst at market research firm Enterprise Strategy Group. “No public or private enterprise is immune; hospitals, city governments and global corporations are all at risk, yet 97% of all organizations are not equipped to deal with these Gen V mega attacks, and this needs to change.”

As a leader in cybersecurity, our goal in publishing this report is to equip all interested parties with an understanding of the fifth generation threat landscape and, most importantly, how to protect themselves from it. 

Check Point thought leaders and industry analysts will discuss the 2018 Security Report and Gen V survey in further detail at a press webinar, at 10 AM PST. Inquire to attend at [email protected].

Access the Check Point 2018 Security Report here.

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

About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading provider of cyber security solutions to governments and corporate enterprises globally.  Its solutions protect customers from cyber-attacks with an industry leading catch rate of malware, ransomware and other types of attacks. Check Point offers a multilevel security architecture that defends enterprises’ cloud, network and  mobile device held information, plus the most comprehensive and intuitive one point of control security management system. Check Point protects over 100,000 organizations of all sizes.

Media Contact
Adolph Hunter
Check Point Software Technologies
+1 650.628.2260
[email protected] 

Investor Contact
Kip E. Meintzer
Check Point Software Technologies
+1 650.628.2040
[email protected]