No silver bullet to fight security threats - Check Point

Wed Feb 15, 2012 5:00am IST

Related Topics

Stocks

   

(Reuters) - Internet and network security provider Check Point Software Technology warned there was no permanent fix to ward off the increasing threat from hackers and malware - a situation that will help the company thrive.

"There's a revolution in the threat landscape," Check Point president Amnon Bar-Lev told Reuters in an interview on Tuesday.

"Threats are happening everywhere from everywhere," Bar-Lev said, but added that, "one thing that has changed for good is that the level of awareness has gone up."

Defense contractors such as Lockheed Martin Corp (LMT.N) have been among the high-profile victims of cyberattacks. Others include Google Inc (GOOG.O), Citigroup Inc (C.N) and Nasdaq OMX Group Inc (NDAQ.O).

The director of the Federal Bureau of Investigation, Robert Mueller, said recently that cyber attacks against government agencies and businesses will surpass terrorism as a danger to the United States.

Check Point, one of the world's leading Internet security companies, offers firewall products such as Zonealarm for PCs and its software blade architecture for enterprises, which are independent, modular software blocks that prevent network intrusion.

It also just launched its anti-bot software blade that finds bots, which are hard-to-detect pieces of software that invade networks and lets an attacker send emails, attack a website or steal information.

"Every single company, where we installed the anti-bot blade had bots," Bar-Lev said.

As attacks and malware evolve, so must the company that sells products to prevent attacks.

"It's an ongoing game, there is no silver bullet," Bar-Lev said, adding that the company had a group of analysts that did nothing but monitor how hacking attacks and malware are evolving.

A computer scientist by training, Bar-Lev said Check Point did not hire hackers or test hacking skills outside of the company lab.

Bar-Lev said Check Point's customers range from governments to Fortune 100 companies to individual consumers, but he sees particular growth in the financial and services sector.

"The sweet spot for us will be enterprise, high-end, financial services and service providers," he said, adding that security costs usually make up 4 percent to 6 percent of IT budgets.

Bar-Lev joined Check Point in 2005 after selling the company he founded - Xpert Integrated Systems - and traveling through Canada in a motor home with his family.

Check Point competes with the security divisions of Cisco and Juniper, but according to Bar-Lev, the company has been winning market share from the larger rivals.

Even if the customers used Cisco or Juniper products for other areas, they turned to Check Point for security, he said.

"We are focussed on security and only security," Bar-Lev added.

(Reporting By Nicola Leske; editing by Andre Grenon)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Barack Obama in India

Reuters Showcase

Climate Change

Climate Change

U.S.-China climate deal does not put pressure on India, says Modi  Full Article 

Bangladesh Politics

Bangladesh Politics

Bangladesh charges opposition chief with instigating attack on bus  Full Article 

Ukraine Crisis

Ukraine Crisis

Rebels press Ukraine offensive, Obama promises steps against Russian-backed "aggression"  Full Article 

Australian Open

Australian Open

Sweet revenge for Murray as old guard hold firm   Full Article 

Box Office

Box Office

Eastwood's "American Sniper" continues as U.S. box office juggernaut   Full Article 

Boko Haram Fight

Boko Haram Fight

Nigeria repels suspected Boko Haram attack on Maiduguri city  Full Article 

Movie Review

Movie Review

Dolly ki Doli is a breezy watch, writes Shilpa Jamkhandikar.  Full Article | Related Story 

Akshay Kumar's Latest

Akshay Kumar's Latest

"Baby" is a smartly written, well-acted film  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage