Check Point acquires the Israeli cyber company Cymplify
Posted on Nov 14, 2019 by Ifi Reporter - Dan Bielski
Check Point acquires the Israeli cyber company Cymplify, which deals with Internet security. The amount of the purchase was not disclosed, but is estimated at $ 5 million. The acquisition is part of the company's announcement of a new IoT protection technology.
The founders of the company are Ram Yunish (CEO) Yaheli Sela (VP of Technology) and Gili Jankowitz (VP of R&D), veterans of the IDF unit in the IDF, who worked for two years in Bootstrap. Cymplify's development combines security vulnerability scanning capabilities with real-time threat prevention. Checkpoint intends to incorporate this technology into its defense architecture, Infinity.
The widespread use of IoT devices in hospitals, factories, and many industries, combined with their inherent security weakness, have created vulnerabilities exploited by cyber criminals in advanced attacks in recent years. Attackers can disrupt online security cameras, medical devices as MRI devices, Industrial infrastructure is essential to cause significant damage.
Technology acquired today allows IoT equipment manufacturers to strengthen their cyber protection in a structured way on the devices themselves. It does this by analyzing the software code and firmware operated on the device as well as a real-time update of the cyber protection component of the device aimed at preventing the attack. The technology also provides a service that scans the software components embedded in the IoT equipment and produces a report that lists the vulnerabilities and vulnerabilities in the equipment, as well as incorrect configuration and security deficiencies.
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