Check Point surpasses market forecasts for Q2, recording $217 million profit
The Israeli cybersecurity company’s revenue was up 4% year over year to $526 million, with its cash balance reaching $4 billion. “We’ve seen a 93% increase in ransomware attacks, as Gen V attacks are now the new norm,” said CEO Gil Shwed
According to updated data by Check Point Research (CPR) the average number of ransomware attacks each week increased by 20% in the last two months, 41% in the last six months, and 93% in the last 12 months. "The recent attack on a U.S. pipeline is confirmation that the acceleration in sophisticated ransomware attacks is continuing. Following this attack, Check Point Research warned of a new ransomware threat called Triple Extortion," Check Point wrote.