- Check Point Software Technologies (CHKP, Financial) reaches critical FedRAMP "In Process" status for Moderate baseline.
- This milestone allows initial access to the U.S. federal cybersecurity market through collaboration with a federal agency sponsor.
- The company's Infinity Platform is set to deliver advanced AI-powered security solutions and threat prevention.
Check Point Software Technologies Ltd. (NASDAQ: CHKP), a leader in cybersecurity solutions, has achieved 'In Process' status under the Federal Risk and Authorization Management Program (FedRAMP) for the Moderate baseline. This pivotal achievement facilitates U.S. federal agencies to leverage Check Point's advanced threat protection and real-time threat intelligence capabilities.
The FedRAMP 'In Process' status signifies that Check Point is actively working with a federal agency sponsor to attain full FedRAMP Authorization. This collaboration is a crucial step in demonstrating compliance with the stringent security standards required to protect federal information systems.
Securing the 'In Process' designation positions Check Point strategically in the federal market, where the government spends over $9 billion annually on cybersecurity. The company's Infinity Platform promises to offer industry-leading threat prevention, a zero trust architecture, and AI-powered defense strategies that comply with federal mandates, aligning with the government's push towards zero trust architectures following Executive Order 14028.
FedRAMP provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. By achieving "In Process" status, Check Point demonstrates its commitment to delivering secure and reliable solutions that meet federal security standards.
