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Revolutionizing Home Networks: Heights Telecom Partners with Check Point for Enhanced Security

As homes become more connected, the role of home gateways – the devices that connect home networks to the internet – has become more critical than ever. These routers, once considered simple conduits for internet access, are now the gatekeepers of entire smart ecosystems, controlling everything from security cameras to connected appliances. However, this convenience comes at a cost: routers are increasingly targeted by cybercriminals, making robust security essential.

In response to the growing threat, Heights Telecom has partnered with Check Point Software Technologies to launch the Heights Cyber Dome, a next-generation security solution that integrates Check Point Quantum IoT Protect Nano Agent directly into Heights Telecom’s home gateways. This collaboration delivers comprehensive protection, providing the first line of defense for home networks.

The Rising Threat Landscape

With the explosion of remote work and smart homes, routers have become a prime target for cyberattacks. Attackers exploit weaknesses in consumer-grade devices, targeting vulnerable routers to infiltrate home networks. These breaches are not limited to isolated incidents of data theft; they can compromise entire networks, resulting in devastating consequences such as financial fraud, ransomware attacks, and espionage.

One of the most alarming trends is the rise in state-sponsored attacks. Nation-state actors exploit consumer routers for espionage, network control, and infrastructure disruption. A striking example is the VPNFilter attack, a large-scale malware campaign orchestrated by the Russian-backed APT28 group in 2018. This attack compromised over 500,000 routers globally, enabling attackers to intercept communications and even render devices unusable.

In more recent developments, Chinese hackers were found to be running a massive botnet known as Raptor Train, comprising over 260,000 compromised devices, including home routers and IP cameras. This botnet could launch large-scale DDoS attacks, severely disrupting services. Following this, the FBI issued a security alert warning of increased botnet activity linked to state-sponsored groups from China.

These examples underscore the need for robust security solutions that protect routers from sophisticated attacks while ensuring that the home network remains secure.

Introducing Heights Cyber Dome: An Innovative Security Solution

To combat these evolving threats, Heights Telecom has introduced Heights Cyber Dome, powered by Check Point Quantum IoT Protect Nano Agent. This revolutionary solution transforms home gateways into highly secure devices, offering protection against even the most advanced cyberattacks.

The Quantum IoT Protect Nano Agent is a lightweight, embedded security solution that continuously monitors for vulnerabilities in routers and IoT devices. By leveraging Control Flow Integrity (CFI) technology, it prevents advanced exploits such as shell injections, memory corruption, and control flow hijacking. The Nano Agent also provides runtime protection, ensuring that zero-day attacks – previously unknown vulnerabilities – are blocked before they can cause harm.

This innovative solution offers several key benefits:

Real-Time Threat Prevention: The Nano Agent ensures continuous monitoring and protection from the moment the router is powered on, blocking threats in real time without disrupting network performance.
Zero-Day Defense: Protects devices from zero-day attacks, where previously undiscovered vulnerabilities are exploited by cybercriminals.
Sophisticated Malware Prevention: Defends against nation-state attacks, botnet infections, ransomware, and other sophisticated malware threats​.

Miri Ofir, Director of R&D IoT at Check Point, explains: “With Quantum IoT Protect, we provide the highest level of security to connected devices. By embedding our Nano Agent into Heights Telecom’s home gateways, we deliver enterprise-grade protection to home users, safeguarding their networks from even the most advanced threats without compromising performance.”

Beyond Protection: The Value of Regulatory Compliance

In today’s cybersecurity environment, regulatory compliance is critical. As governments worldwide recognize the importance of securing IoT devices, stricter regulations have been introduced to ensure that devices are built with security as a priority. These regulations include the Cyber Resilience Act (CRA), the Network and Information Security Directive (NIS2), and the Product Security and Telecommunications Infrastructure Act (PSTI).

Heights Cyber Dome complies with these standards, ensuring that home gateways meet stringent regulatory requirements while offering comprehensive protection against unauthorized access. Non-compliance can lead to severe consequences, including substantial fines and reputational damage. However, by adhering to these regulations, Heights Telecom not only avoids these risks but also provides added trust and confidence to both ISPs and consumers.

Furthermore, complying with these regulations promotes innovation in cybersecurity by setting a higher standard for device manufacturers, ensuring that consumers benefit from stronger, more secure devices from the outset.

Strengthening Network Security with Clean Pipe Technology

Heights Cyber Dome does not stop at device-level security. The solution integrates Check Point’s clean pipe technology, which serves as a digital filtration system for all incoming traffic at the ISP level. This technology is designed to filter out malicious traffic – such as malware and DDoS attacks – before it can reach the home network.

This approach ensures that users remain protected, even from large-scale, high-volume attacks. For ISPs, clean pipe technology reduces network disruptions, safeguarding customer experience while minimizing costly service downtime.

By implementing clean pipe solutions, Heights Cyber Dome addresses both the threats entering through the device and those attempting to penetrate the broader communications infrastructure.

Revolutionizing Home Network Security

The collaboration between Heights Telecom and Check Point represents a major leap forward in the world of home network security. Heights Cyber Dome is not just a reactive solution; it provides proactive, always-on defense against emerging threats.

One of the most powerful aspects of this partnership is its focus on transforming the home gateway from a vulnerability into a highly secure endpoint. With Check Point Quantum IoT Protect technology, Heights Cyber Dome offers unmatched protection against the full spectrum of cyber threats, from nation-state attacks to financially motivated cybercrime.

Moreover, the solution’s seamless integration into Heights Telecom’s devices ensures that users are protected without needing to manually install or maintain additional security measures. The combination of device-level security, regulatory compliance, and clean pipe technology offers a holistic approach to home network protection that is both innovative and essential.

Check Point Software Announces New Ceo & Reports Strong 2024 Second-quarter Results

India, July 24, 2024 — Check Point® Software Technologies Ltd., today announced its financial results for the second quarter ended June 30, 2024, and the appointment of Nadav Zafrir as Check Point Chief Executive Officer.

Second Quarter 2024:

  • Total Revenues: $627 million, a 7 percent increase year over year
  • Security Subscription Revenues: $272 million, a 14 percent increase year over year
  • GAAP Operating Income: $209 million, representing 33 percent of revenues
  • Non-GAAP Operating Income: $265 million, representing 42 percent of revenues
  • GAAP EPS: $1.74, a 3 percent increase year over year
  • Non-GAAP EPS: $2.17, an 8 percent increase year over year

“I’m excited to share great news. Check Point delivered an outstanding second quarter as customers continued to embrace the AI driven, cloud delivered Infinity Platform to achieve the highest levels of security,” said Gil Shwed, Check Point founder and CEO. “The success of Infinity during the quarter was underscored by its double-digit growth and significant deals with Fortune Global 500 organizations.”

nadav

New CEO Appointment:

For the past 10 years, Nadav Zafrir has been a co-founder and managing partner at Team8, a global venture creation and venture capital fund. Team8 establishes and invests in companies focused on cyber security, Data & AI, Fintech and digital health. He built, invested and chaired 17 cyber security companies in addition to dozens of other technology companies he has consulted and mentored. He previously served 25 years in the IDF, retiring as a Brigadier General. Since 2019, he has served as Chairman of the Board of SolarEdge Technologies, a Nasdaq traded smart energy company. Mr. Zafrir will assume the CEO role in December 2024 and will join Check Point’s Board of Directors upon shareholder approval at Check Point’s next Annual General Meeting. Gil Shwed will become Executive Chairman of the Board.

“We are concluding a thorough CEO search process after examining candidates from around the world and found the perfect individual. Nadav has been a key leader in the global cyber security ecosystem for over a decade. Having lived in New York and Tel Aviv, he became one of the most respected figures within the global CISO community. He established and led multiple cyber security companies and partnered with the world’s largest security vendors. I admire his achievements and leadership skills and I am excited about his appointment, and believe he is the right leader to take Check Point to new heights,” concluded Mr. Shwed.

“I am honored to join Check Point, a pioneer that shaped modern cyber security, and a hotbed for entrepreneurship,” said Nadav Zafrir. “Over the last decade, I’ve collaborated with global cyber security leaders and teams, witnessing firsthand their incredible efforts to safeguard global networks from sophisticated attackers. I am in awe of the work of security practitioners and their organizations deserve the best security. In our turbulent world, on the brink of another acceleration point as AI redefines our lives, cutting-edge cyber security is more critical than ever. Check Point is uniquely positioned to lead development of the next stage of security for our complex world. I look forward to working with the company’s accomplished leadership team and Gil to write the next chapter in Check Point’s growth,” concluded Mr. Zafrir.

Financial Highlights for the Second Quarter of 2024:

· Total Revenues: $627 million compared to $589 million in the second quarter of 2023, a 7 percent increase year over year.

· GAAP Operating Income: $209 million compared to $221 million in the second quarter of 2023.

· Non-GAAP Operating Income: $265 million compared to $263 million in the second quarter of 2023.

· GAAP Taxes on Income: $36 million compared to $41 million in the second quarter of 2023.

· GAAP Net Income: $197 million compared to $202 million in the second quarter of 2023.

· Non-GAAP Net Income: $246 million compared to $238 million in the second quarter of 2023.

· GAAP Earnings Per Diluted Share: $1.74 compared to $1.70 in the second quarter of 2023, a 3 percent increase year over year.

· Non-GAAP Earnings Per Diluted Share: $2.17 compared to $2.00 in the second quarter of 2023, an 8 percent increase year over year.

· Deferred Revenues: As of June 30, 2024, deferred revenues were $1,818 million compared to $1,774 million as of June 30, 2023, a 2 percent increase year over year.

· Cash Balances, Marketable Securities and Short-Term Deposits: $3,058 million as of June 30, 2024, compared to $3,515 million as of June 30, 2023.

· Cash Flow: Cash flow from operations of $200 million compared to $191 million in the second quarter of 2023.

· Share Repurchase Program: During the second quarter of 2024, the company repurchased approximately 2.1 million shares at a total cost of approximately $325 million. On July 11, 2024, the company announced that the board of directors authorized a $2 billion expansion of the company’s on-going share repurchase program. Under the extended share repurchase program, Check Point will be authorized to continue repurchasing its shares up to $325 million each quarter.

For information regarding the non-GAAP financial measures discussed in this release, as well as a reconciliation of such non-GAAP financial measures to the most directly comparable GAAP financial measures, please see “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP to Non-GAAP Financial Information.”

Conference Call and Webcast Information
Check Point will host a conference call with the investment community on July 24, 2024, at 8:30 AM ET/5:30 AM PT. To listen to the live video cast or replay, please visit the website: www.checkpoint.com/ir.

Third Quarter Investor Conference Participation Schedule:

· KeyBanc Technology Leadership Forum
August 4-6, 2024, Vail, CO – Fireside Chat & 1×1’s

· Oppenheimer 27h Annual Virtual Technology, Internet & Communications Conference
August 12, 2024 – Virtual 1×1’s

· Deutsche Bank 2024 Technology Conference
August 28 – 29, 2024, Dana Point, CA – 1×1’s

· Citi 2024 Global Technology Conference
September 3-5, 2024, New York, NY – 1×1’s

· Goldman Sachs 2024 Communicopia + Technology Conference
September 9, 2024, San Francisco, CA – Fireside Chat &1×1’s

· Piper Sandler 2023 Growth Frontiers Conference
September 10-11, 2024, Nashville, TN – 1×1’s

Members of Check Point’s management team anticipate attending these conferences and events to discuss the latest company strategies and initiatives. Check Point’s conference presentations, if applicable, will be available via webcast on the company’s web site. To hear these presentations and access the most updated information please visit the company’s web site at www.checkpoint.com/ir. The schedule is subject to change.