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HUB Cyber Security Ltd. Appoints Romke E. de Haan III as Head of its Cybersecurity Strategy & Innovation Division
Globenewswire· 2025-09-11 12:30
Core Viewpoint - HUB Cyber Security Ltd. has appointed Romke E. de Haan III as the Head of Cybersecurity Strategy and Innovation Division, aiming to enhance its expansion in North America and redefine the cybersecurity landscape [1][2][3] Company Overview - HUB Cyber Security Ltd. is a global provider of cybersecurity, compliance, and secured data fabric solutions, serving Fortune 100 enterprises, top financial institutions, and government agencies [4] - The company’s platform integrates AI-driven identity, compliance automation, digital asset security, and governance into a single Enterprise Intelligence Grid [4] Leadership Appointment - Romke E. de Haan III brings extensive experience in cyber defense, digital risk management, and compliance automation, particularly in the financial sector and multinational enterprises [2] - His role will focus on advancing HUB's cybersecurity innovation agenda, including AI-supervised threat detection and post-quantum cryptography [3] Strategic Goals - The appointment is seen as a significant milestone in HUB's journey to create a global operating system for secured and compliant data [3] - HUB aims to establish itself as a trusted backbone for banks, digital asset platforms, and governments in an era characterized by AI, decentralization, and regulatory fragmentation [3][4]
Check Point Software Reports 2025 Second Quarter Financial Results
Globenewswire· 2025-07-30 09:00
Core Insights - Check Point Software Technologies Ltd. reported solid second-quarter results for 2025, driven by growth in emerging technologies such as Email, SASE, and Enterprise Risk Management, with Quantum Force appliances showing double-digit growth [3][11] - The company has a healthy pipeline heading into the second half of the year, with strong indicators observed in July [3] Financial Highlights - Total revenues for the second quarter of 2025 reached $665 million, marking a 6% increase year over year [11] - Product and licenses revenues were $132 million, a 12% increase year over year [11] - Security subscriptions revenues amounted to $298 million, reflecting a 10% increase year over year [11] - Calculated billings were $642 million, a 4% increase year over year [11] - Remaining Performance Obligation (RPO) stood at $2.4 billion, a 6% increase year over year [11] - GAAP operating income was $204 million, representing 31% of total revenues, while non-GAAP operating income was $271 million, representing 41% of total revenues [11] - GAAP EPS was $1.84, a 6% increase year over year, and non-GAAP EPS was $2.37, a 9% increase year over year [11] Cash Flow and Balance Sheet - Cash flow from operations in the second quarter of 2025 was $262 million, which included a $50 million benefit from currency hedging transactions [6] - Cash balances, marketable securities, and short-term deposits totaled $2,913 million as of June 30, 2025, down from $3,058 million a year earlier, primarily due to cash used for acquisitions [4][30] - The company repurchased approximately 1.5 million shares at a total cost of approximately $325 million during the second quarter [5] Strategic Developments - The acquisition of Veriti was highlighted as a strategic move to strengthen the Infinity platform's open-garden architecture [3] - The company continues to advance its strategic roadmap, indicating a focus on innovation and customer trust [3]
CISO Global Doubles 2025 anticipated Software Bookings to $10 Million with Nationwide Launch
Globenewswire· 2025-07-16 12:30
Core Insights - CISO Global anticipates software-related bookings to reach $10 million in 2025, doubling previous estimates, following a nationwide rollout of its CHECKLIGHT software under the CyberSimple brand through a partnership with Financial Independence Group (FIG) [1][8] - The partnership with FIG allows CHECKLIGHT to tap into a $2 billion addressable market for warranty-backed cybersecurity, leveraging FIG's network of 10,000 financial advisors and a client base of approximately 1.5 million individuals [2][8] - CISO Global has successfully transitioned to a high-margin SaaS cybersecurity model, reflecting strong demand for warranty-backed protection that combines financial value with threat prevention [2][8] Company Overview - CISO Global, Inc. is a leader in AI-powered cybersecurity software and compliance services, headquartered in Scottsdale, Arizona, providing comprehensive solutions to protect organizations from cyber threats [4] - The company focuses on delivering managed cybersecurity and compliance solutions to meet the needs of demanding businesses and government organizations [4] Partner Overview - Financial Independence Group (FIG) is a prominent financial services company that offers wealth management solutions and business acceleration tools to financial advisors across the United States [5] - Cyber Assurance Group Incorporated (CAGI) specializes in cyber risk insurance, utilizing advanced technology to assess and mitigate cyber threats, providing comprehensive solutions [6]
Fortinet Unveils New AI-Powered Workspace Security Suite to Protect the Modern Enterprise
GlobeNewswire News Room· 2025-06-04 13:00
Core Insights - Fortinet has launched the FortiMail Workspace Security suite, enhancing its data and productivity security portfolio to provide comprehensive email, browser, and collaboration security [1][4][5] - The new AI-powered solutions aim to address the evolving threat landscape, particularly against automated cybercrime tactics [2][3] - Fortinet's offerings are designed to protect users and sensitive data in hybrid work environments, integrating various security measures into a unified platform [8] Company Developments - The FortiMail platform has been significantly upgraded through the acquisition of Perception Point, making it the most customizable email security solution in the industry [4][5] - The FortiMail Workspace Security suite extends protection to collaboration tools like Microsoft 365, Google Workspace, and Slack, enhancing visibility and threat detection capabilities [5][6] - FortiDLP has been enhanced to provide advanced data tracking and insider risk management, allowing organizations to monitor sensitive data usage and detect high-risk behaviors [6] Industry Context - The 2025 Fortinet Global Threat Landscape Report indicates a rise in AI-enabled cybercrime, with attackers increasingly using automation for phishing and impersonation attacks [3] - Organizations are facing a growing need for unified security strategies that address both external threats and insider risks in a hybrid work environment [2][3]
CISO Global's AI-Powered CHECKLIGHT® Increases Warranty to $1 Million Per Incident — Expands Small Business Addressable Market to $11B
Globenewswire· 2025-05-29 12:30
Core Insights - CISO Global Inc. has expanded the financial assurance component of its CHECKLIGHT product to cover up to $1 million per incident, with an annual cap of $1.5 million per customer contract, representing a 4x increase from the previous $250,000 warranty per incident [1][2] - The expansion significantly broadens CHECKLIGHT's addressable market to an estimated $11 billion, attracting larger organizations seeking enhanced financial protection integrated with their cybersecurity solutions [2][3] - The launch of CyberSimple, powered by CHECKLIGHT, aims to provide better value and accessible financial protection to SMB clients through a referral network that includes 17 insurance agencies [2][3] Company Overview - CISO Global, headquartered in Scottsdale, Arizona, is a leader in AI-powered cybersecurity software, managed cybersecurity, and compliance, offering comprehensive solutions to protect organizations from cyber threats [5] - CHECKLIGHT is part of CISO Global's next-generation software portfolio and is currently offered to over 600 security clients and through key insurance partners [4] Partnership and Product Offering - CISO Global has partnered with Cyber Assurance Group Incorporated to launch CyberSimple, which combines cybersecurity services with substantial financial protection [3][6] - The financial protection of $1 million per incident is designed to provide generous coverage without sublimits, making it a powerful warranty program for small and medium-sized businesses in the cyber market [3]
SentinelOne and Nord Security partner up to tackle SMBs' cybersecurity challenges
GlobeNewswire News Room· 2025-04-24 13:06
Core Insights - Nord Security and SentinelOne have announced a partnership aimed at enhancing cybersecurity solutions for small and medium-sized businesses (SMBs) [1][4] - The collaboration will provide a combined solution addressing both endpoint and network security challenges, streamlining the cybersecurity strategy for businesses [2][3] Company Overview - SentinelOne is recognized as a leading AI-powered cybersecurity platform, trusted by major organizations including Fortune 10 and Fortune 500 companies [5] - Nord Security is a prominent cybersecurity solutions provider, known for its VPN service NordVPN and trusted by over 20,000 businesses globally [6] Partnership Details - The integration involves SentinelOne's technology with NordLayer, a network security platform, allowing for automatic alerts and disconnection of malicious users from the network [3] - The partnership is expected to simplify security protection for organizations, enabling them to focus on growth rather than cybersecurity threats [4] Future Outlook - Both companies express optimism about the partnership, indicating it is the beginning of a long-lasting collaboration that will lead to further developments in cybersecurity solutions [4] - Attendees of the RSAC 2025 conference are encouraged to visit the booths of both companies to learn more about the partnership [4]