Latest news with #CheckPointSoftware
Globe and Mail
a day ago
- Business
- Globe and Mail
Encryption May Soon Be Worthless. The Race to Replace It Is Creating a New Investment Boom
Issued on behalf of Scope Technologies Corp. VANCOUVER – News Commentary – A breakthrough in quantum computing has just collapsed the timeline for breaking encryption. According to a new report in NewScientist, quantum computers may soon be able to crack RSA — the backbone of most modern encryption — in just 8 hours using 1 million qubits. That's a staggering leap from earlier estimates of 20 million qubits, and it's prompting experts to warn that a quantum-cryptography reckoning could be closer than anyone thought. Analysts at Grand View Research expect the post-quantum cryptography market to grow at 37.6% annually through 2030, while Research and Markets projects an even steeper CAGR of 41.47%, hitting US$17.69 billion by decade's end. For retail investors, the shift is already creating new entry points, with recent developments from innovators including Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Palo Alto Networks, Inc. (NASDAQ: PANW), WISeKey International Holding AG (NASDAQ: WKEY), SEALSQ Corp (NASDAQ: LAES), and Check Point Software Technologies Ltd. (NASDAQ: CHKP). The global cybersecurity market is on track to hit US$562.7 billion by 2032, growing at a 14.3% annual clip, according to Fortune Business Insights. In healthcare alone, cybersecurity is expanding even faster, with Medi-Tech Insights projecting 18% CAGR across the sector. Fortune Business Insights expects the broader global cybersecurity sector to top US$562.7 billion by 2032, expanding at a 14.3% CAGR. Within the healthcare sector, cyber security is growing even faster (18%) — according to Medi-Tech Insights. Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) today announced a major leadership transition, appointing Ted Carefoot as its new Chief Executive Officer. Carefoot, who previously served as Scope's VP of Product, brings over two decades of experience in cybersecurity, AI, and regulatory frameworks, including executive roles at Electronic Arts and Disney Online Studios Canada. 'Ted's leadership, industry experience, and deep expertise in risk management and regulatory standards make him the ideal person to guide Scope into this future,' said former CEO James Young, who will remain with Scope in an advisory role, praising the transition. 'I have full confidence in his ability to scale the company and deliver on our mission.' Carefoot is certified in Governance, Risk & Compliance (GRC), Integrated Data Privacy, and Risk Management Framework (RMF) implementation—credentials that position him well to lead Scope's next phase of quantum-security growth. 'I'm honored to step into this role at such a pivotal time,' said Carefoot. 'With quantum computing threats becoming a reality, businesses and governments must act now to safeguard their data. I look forward to leading Scope's talented team as we help organizations future-proof their security infrastructure against these emerging threats.' Scope Technologies is the developer of QSE (Quantum Security Entropy), a decentralized cloud platform built to withstand both current and next-generation cybersecurity threats. QSE uses quantum-resilient encryption, zero-trust architecture, round-trip encryption, and entropy-based randomness to protect communications and files from interception, tampering, or post-quantum decryption attempts. Internal benchmarks indicate that QSE can handle millions of encrypted messages per second, combining the scale of high-volume platforms with end-to-end quantum-resistant encryption. Unlike legacy cybersecurity platforms retrofitted for modern threats, QSE was designed from the ground up to address tomorrow's vulnerabilities—particularly the 'harvest now, decrypt later' risk posed by emerging quantum computers. The platform offers both enterprise-grade features and user-friendly tools for retail adoption, including encrypted file storage, HIPAA-aligned compliance, and secure messaging. Scope has steadily advanced QSE's capabilities. In Q1 2025, the company implemented major upgrades to boost platform redundancy, performance, and load capacity—supporting rising demand from institutional and private users. A full website and brand relaunch for QSE Group followed shortly after, streamlining the interface, clarifying access points, and integrating tools like the Quantum Preparedness Assessment (QPA). A mobile app is currently in development, designed to extend QSE's quantum-resilient messaging and file-sharing features to regulated industries including healthcare, legal, and finance. The app will feature full round-trip encryption and white-label options for partners seeking to offer their clients next-gen privacy tools without exposing metadata, activity logs, or third-party surveillance points. 'We believe the future of digital communication demands more than just end-to-end encryption—it requires an entirely new paradigm of security and autonomy,' said Sean Prescott, Founder and CTO of Scope Technologies. 'Our mobile app will empower clients to offer a trusted digital experience to their employees and customers. This is a major step toward a truly decentralized and quantum-resilient future.' Scope has also joined forces with World Cyber Health (WCH), the global nonprofit behind Malware Village, to promote international standards for post-quantum cybersecurity. As part of this collaboration, Scope will contribute expertise from the QSE platform to help public and private sector leaders prepare for quantum-era threats through education, advocacy, and industry-wide knowledge sharing. As well, Scope has also expanded its distribution network, adding enterprise resellers across Europe and Asia. Key partnerships with Asia-Pacific distributor COGITO and Swedish Microsoft partner Coegi Cloud AB now give the company reach into over 40,000 institutional users globally. On the financial front, Scope completed a $2.8 million capital raise earlier this year, with strategic backing from First Majestic Silver Corp., a former pilot customer that has since become a key investor. The second tranche of that funding closed in April and will support client onboarding and the QSE Mobile App rollout. With post-quantum cryptography standards moving from theory to policy, Scope is gaining traction as a purpose-built solution in a sea of retrofits. Its momentum across enterprise, compliance, and infrastructure suggests it's not only ready for the coming quantum era—but may already be ahead of it. Palo Alto Networks, Inc. (NASDAQ: PANW) is warning that quantum-enabled cyberattacks are no longer theoretical, with global adversaries already harvesting encrypted data in anticipation of future decryption. "Harvest now, decrypt later is a threat that's already in motion," said Jesper Olsen, Chief Security Officer EMEA North at Palo Alto Networks. "Encrypted data is being stolen today with the expectation that it will be readable tomorrow." The company is calling for immediate action, including encryption audits and phased implementation of post-quantum cryptography standards. WISeKey International Holding AG (NASDAQ: WKEY) is advancing its quantum-secure space strategy with the planned launch of WISeSat 3.0, the first satellite to carry SEALSQ Corp's (NASDAQ: LAES)Quantum RootKey hardware module. Scheduled for mid-June, the launch represents a significant step toward space-based post-quantum key distribution, supporting encrypted satellite control, data transmission, and global IoT onboarding. WISeSat's multi-layered cryptographic architecture will use NIST-standardized algorithms like CRYSTALS-Kyber and Dilithium to defend against both classical and quantum cyberattacks. The company aims to build a full satellite constellation by 2027 to support its 'Satellite-as-a-Service' platform. Check Point Software Technologies Ltd. (NASDAQ: CHKP) recently unveiled its next-generation Quantum Smart-1 Management Appliances, featuring major upgrades in performance, scalability, and AI-driven security management. Designed for hybrid enterprises, the new models support up to 10,000 gateways, process logs 70% faster, and offer built-in tools for compliance, threat detection, and policy insights. Integrated with over 250 third-party systems, the appliances deliver unified visibility and automation through Check Point's Infinity Platform. "Security teams today face more pressure than ever — from rising AI-generated threats to managing fragmented infrastructures,' said Nataly Kremer, Chief Product Officer at Check Point. 'Our new Quantum Smart-1 Management Appliances combine AI, speed, precision, and automation to help organizations manage on-premise, cloud, and distributed IT deployments — faster and smarter. The company says the update addresses rising complexity as AI-powered attacks and distributed infrastructures reshape cybersecurity requirements. CONTACT: USA NEWS GROUP (604) 999-4849 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ('MIQ'). MIQ has been paid a fee for Scope Technologies Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares Scope Technologies Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope Technologies Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Scope Technologies Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Yahoo
4 days ago
- Business
- Yahoo
Retail cyberattacks: AI making threats 'more advanced and personalised'
The use of artificial intelligence (AI) by perpetrators of cyberattacks is increasing the threat to retailers and their customers, according to a cybersecurity industry leader. Speaking on an episode of GlobalData's Instant Insights podcast, Charlotte Wilson, head of enterprise sales at cybersecurity company Check Point Software, said that while the form that cyberattacks take has not changed a great deal, AI is being used to make them more effective. This embedded content is not available in your region. 'I think they're getting far more advanced and highly personalised because of AI,' said Wilson. 'If you take this retail attack, any of the retailers right now, the primary attack is to get the money from the retailer to free up access back to their information, and that's the ransomware itself for the company, the retailer, to pay or not pay or negotiate. 'The secondary attack is all that information that has been gathered can then be sold to other people that then might do a secondary activity with it. And that's where some of the sophistication comes in. That's where social engineering comes in.' Social engineering is the practice of deceiving and manipulating individuals into performing specific actions. It is a well-known tactic of email scammers who purport to be people or companies that they are not to trick victims into giving them personal information. Of the role of retail cyberattacks in facilitating this, Wilson explained: 'There's the first attack, which is to the retailer. The secondary attack is to you and me, the mums and dads, brothers and sisters, the consumer – and AI is making them something you're more likely to click on because they're much more personalised. 'It could be so much as, 'I see that you bought this in the last time that you visited our store. We hope that was great for you. Here's some personalised offers for you based on what you like to shop for,' and if I've got access to you as a loyalty scheme customer, I probably know quite a bit about you.' Wilson was speaking on the episode following the recent spate of cyberattack targeting UK retailers including Marks and Spencer, Co-op and Harrods. They are thought to have been perpetrated by a group known as Scattered Spider using a ransomware-as-a-service platform called DragonForce, of which Wilson says: 'There will be operators that design the ransomware attacks and the malware, and then there are affiliates that will go and use those and exploit it and hold people to ransom. They sometimes have a profit-share model, so it's a profitable way of doing cybercrime.' Despite widespread coverage of the recent attacks, Check Point, which carries out its own cybersecurity research, finds retail to be only the fifth most hacked industry at present. 'It's way, way behind education, government and healthcare,' said Wilson. 'So, it's actually not the biggest attacked. We think they're dealing with about 300 attacks per week. It starts to get into the 1000s when you start to get into the other industries. 'However, obviously once you're in you can hold to ransom at a higher rate because it's so much more public, and you can see just the press at the moment is reporting the retail hacks pretty much every other day.' Wilson went on to explain that retailers are at a particular disadvantage as they typically have a much larger potential attack surface than businesses in other industries. 'Retailers have an incredibly hard job because they're dealing with so many different suppliers of varying degrees,' said Wilson. 'The networks are dynamic. They have lots of things attached to them, so I think they have a really complex job, and, from a hacker's perspective, the path of least resistance is the one they'll choose. 'If you've got lots of things that you have to maintain, you have to make sure are patched, secured and controlled across many different interfaces, it's much easier for you to have something that isn't as up to date as it should be, or isn't as protected as it could be, they're much more susceptible to mistakes.' Wilson gave two main recommendations for retailers to help keep their cybersecurity tight. 'One clear thing they can do is monitor the third-party access to their networks,' she said. 'One challenge that retailers have that is unique is that some of the suppliers to them might be quite small, and so may not hold the same level of security in their organisation as maybe the retailer is.' In addition, she noted that collaboration between security and IT teams when patching vulnerabilities is required is not always adequate. Wilson is of the opinion that the handling of common vulnerability exploits (CVEs) – vulnerabilities that are identified and need to be patched – often fails as a result of miscommunication or misunderstanding between the two teams within a business. 'I just think the CVE part never really gets taken all that seriously,' she explained. 'That bit, for me, is a big thing. If it's being handled by your IT team as opposed to your security team, I think it's important that the security team stress the need for those certain CVEs that are critical to get patched and sorted, or to put those people outside of a blast zone.' "Retail cyberattacks: AI making threats 'more advanced and personalised'" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
28-05-2025
- Business
- Yahoo
TD Cowen Reaffirms Buy on Check Point (CHKP), Highlights Veriti Acquisition
On May 27, TD Cowen reaffirmed its stance on Check Point Software Technologies Ltd. (NASDAQ:CHKP), keeping its Buy rating and $285 price target on the company's shares. Shaul Eyal, an analyst for the firm, emphasized the strategic importance of Check Point Software's recent acquisition and how it may improve the company's standing in the cybersecurity industry. The deal, which is expected to finalize by the end of the second quarter of 2025, is valued at more than $100 million and marks Check Point's first acquisition under the direction of CEO Nadav Zafrir. Veriti Cybersecurity, the acquired company, will support an open-garden strategy to improve Check Point's null Platform. It is expected that this strategy will strengthen Check Point Software's capabilities in Exposure Management, a sector that is gaining interest due to its essential role in cybersecurity, and enable multi-vendor remediation across several security layers. By allowing Veriti to instantly apply virtual patching through Check Point Software Technologies Ltd. (NASDAQ:CHKP) gateways and absorb cloud exposure analytics, the acquisition also enhances Check Point's strategic alliance with cloud security firm Wiz. While we acknowledge the potential of CHKP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CHKP and that has 100x upside potential, check out our report about the cheapest AI stock. Read Next: and Disclosure: None. Sign in to access your portfolio
Channel Post MEA
30-04-2025
- Business
- Channel Post MEA
Check Point Announces Participation At GISEC 2025
Check Point Software Technologies has announced its participation at GISEC Global 2025. Check Point will be present in Hall 6, Booth C113 along with its partners, where it will showcase its latest advancements in threat prevention and AI-powered security. The company's growing presence in the UAE reflects a broader strategy to support national cyber resilience, drive local partnerships and deliver tailored solutions to meet the evolving needs of businesses across the country. At GISEC 2025, Check Point Software, in collaboration with its partners AWS, WIZ, Radware and TechBridge Distribution MEA, will engage with public and private sector leaders to address emerging risks with intelligent, automated cyber security solutions designed for complex hybrid environments. Through this collaboration, the company is enabling faster response times, stronger security postures and better alignment with local compliance mandates. According to Check Point Software's latest threat intelligence report, organizations in the United Arab Emirates have been targeted 1,743 times per week on average over the last six months, highlighting the intensity and sophistication of the region's cyber threat landscape. As a response, Check Point Software is doubling down on its regional investments by expanding support teams, advancing regional threat research, fostering ecosystem collaboration and delivering tailored solutions to address the unique needs of local organizations. 'The UAE stands at the forefront of digital innovation and that also makes it a prime target for advanced cyberattacks,' said Ram Narayanan, Country Manager at Check Point Software Technologies, Middle East. 'Our commitment is not just technological. 'Our commitment goes beyond technology. It's about building trust, strengthening local partnerships and empowering organizations to shift from reactive defence to proactive cyber resilience.' Speaking Engagements and Industry Collaboration Check Point Software's leadership team, including Vasily Dyagilev, Regional Director for the Middle East and RCIS; Ram Narayanan, Country Manager for the Middle East; and Prashant Menon, Channel Leader for the UAE, along with representatives from AWS, Radware, and WIZ, will lead multiple speaking sessions, exploring topics such as AI-driven security automation, multi-cloud resilience, and threat intelligence. These joint discussions aim to shed light on current cybersecurity challenges and showcase integrated solutions. Check Point Software's growing role in the UAE includes efforts to build cyber security talent through its SecureAcademy program, enhance support for managed security service providers (MSSPs) and foster innovation with local technology alliances. These investments reflect the company's continued leadership in the region and its vision for enabling secure digital transformation. 0 0
Zawya
30-04-2025
- Business
- Zawya
Check Point Software elevates cyber resilience in the UAE with strategic partnerships and AI-powered security at GISEC 2025
DUBAI, UAE – Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader in cyber security solutions, has announced its participation at GISEC Global 2025. Check Point will be present in Hall 6, Booth C113 along with its partners, where it will showcase its latest advancements in threat prevention and AI-powered security. The company's growing presence in the UAE reflects a broader strategy to support national cyber resilience, drive local partnerships and deliver tailored solutions to meet the evolving needs of businesses across the country. At GISEC 2025, Check Point Software, in collaboration with its partners AWS, WIZ, Radware and TechBridge Distribution MEA, will engage with public and private sector leaders to address emerging risks with intelligent, automated cyber security solutions designed for complex hybrid environments. Through this collaboration, the company is enabling faster response times, stronger security postures and better alignment with local compliance mandates. According to Check Point Software's latest threat intelligence report, organizations in the United Arab Emirates have been targeted 1,743 times per week on average over the last six months, highlighting the intensity and sophistication of the region's cyber threat landscape. As a response, Check Point Software is doubling down on its regional investments by expanding support teams, advancing regional threat research, fostering ecosystem collaboration and delivering tailored solutions to address the unique needs of local organizations. 'The UAE stands at the forefront of digital innovation and that also makes it a prime target for advanced cyberattacks,' said Ram Narayanan, Country Manager at Check Point Software Technologies, Middle East. 'Our commitment is not just technological. 'Our commitment goes beyond technology. It's about building trust, strengthening local partnerships and empowering organizations to shift from reactive defence to proactive cyber resilience.' Speaking Engagements and Industry Collaboration Check Point Software's leadership team, including Vasily Dyagilev, Regional Director for the Middle East and RCIS; Ram Narayanan, Country Manager for the Middle East; and Prashant Menon, Channel Leader for the UAE, along with representatives from AWS, Radware, and WIZ, will lead multiple speaking sessions, exploring topics such as AI-driven security automation, multi-cloud resilience, and threat intelligence. These joint discussions aim to shed light on current cybersecurity challenges and showcase integrated solutions. Check Point Software's growing role in the UAE includes efforts to build cyber security talent through its SecureAcademy program, enhance support for managed security service providers (MSSPs) and foster innovation with local technology alliances. These investments reflect the company's continued leadership in the region and its vision for enabling secure digital transformation. Follow Check Point via: LinkedIn: X: Facebook: Blog: YouTube: About Check Point Software Technologies Ltd. Check Point Software Technologies Ltd. ( is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Core Services for collaborative security operations and services. Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding future growth, the expansion of Check Point's industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law. MEDIA CONTACT: Zayyen 10 Communications LLC zayyen@
