Check the internet connection on SMC and Check dns config to see updates.checkpoint.com resolves correctly
Manually update the IPS database,
Close all GUI applications,
Open a GUIDBEdit to the SMC
Application name:GuiDBedit.exe
Search (Search->Find) for:
autoupdate_and_install_status_obj
Once found you will see a field named status under that object.
Change the value of status 0
Save changes,close GUIDBEDIT
Open Dashboard and verify if the issue resolved.
Updated Note : There is a fix for this issue, Request it from Support.