E-Business
Sophos Unveils XGS Series Firewall Appliance with Industry-Best TLS Inspection
Sophos, a global leader in next-generation cybersecurity, today unveiled new XGS Series firewall appliances with unrivaled performance and advanced protection against cyberattacks. The new appliances feature industry-best Transport Layer Security (TLS) inspection, including native support for TLS 1.3, that is up to five times faster than other models available on the market today.
Dan Schiappa, chief product officer at Sophos, said, “Sophos Firewall XGS Series appliances represent the most significant hardware upgrade that we have ever released and introduce unmatched detection, protection and speed.
“Security teams can no longer afford to overlook encrypted traffic for fear of breaking something or hurting performance – there’s too much at risk.
“We’ve completely redesigned the Sophos Firewall hardware to handle the modern encrypted internet.
“Security teams now have the ability to easily inspect encrypted traffic and shine light on what was once a black hole, and they can confidently do so without compromising on performance.”
Cybercriminals Increasingly Using TLS to Avoid Detection
Sophos today also published new research, “Nearly Half of Malware Now Use TLS to Conceal Communications,” identifying a surge in cybercriminals using TLS in their attacks. The increasingly popular tactic is used by adversaries to encrypt and encapsulate the content of malicious communications to avoid detection as they carry out attacks.
In fact, 45% of malware detected by Sophos from January through March 2021 used TLS to conceal malicious communications. That’s a staggering rise from the 23% Sophos reported in early 2020.
Sophos has also seen an increase in the use of TLS to carry out ransomware attacks in the past year, particularly with manually-deployed ransomware. The majority of malicious TLS traffic that Sophos has detected includes initial-compromise malware, such as loaders, droppers and document-based installers like BazarLoader, GoDrop and ZLoader.
“TLS has undoubtably changed the privacy of internet communications for the better, but for all the good it’s done, it’s also made it much easier for attackers to download and install malicious modules and exfiltrate stolen data – right under the noses of IT security teams and most security technologies,” said Schiappa.
“Attackers are taking advantage of TLS-protected web and cloud services for malware delivery and for command and control. Their initial compromise malware is simply the advance guard for major attacks, as they’re setting up camp for the heavy artillery that follows, like ransomware.”
Accelerating Threat Protection
Powered by Sophos Firewall’s Xstream architecture, XGS Series appliances deliver the industry’s best zero-day threat protection, identifying and stopping the most advanced known and potential threats – including ransomware.
Protection is fueled by powerful threat intelligence, available only through SophosLabs Intelix and based on petabytes of SophosLabs threat data. Suspicious files are safely detonated in SophosLabs Intelix virtual environments as well as subjected to in-depth static analysis for additional detection coverage and intelligence gathering.
New Xstream flow processors within the appliances automatically accelerate trusted traffic, such as software as a service (SaaS), software-defined wide-area network (SD-WAN) and cloud applications, providing maximum headroom for traffic requiring TLS and deep packet inspection.
This greatly reduces latency and improves overall performance for important business applications, particularly those using real-time data.
The Xstream flow processors are software programmable, allowing Sophos to offload additional traffic in the future. The flexibility to enhance and adapt connectivity on the hardware itself further protects customers’ hardware investment.
Sophos provides unique and intuitive dashboard visibility of TLS traffic and inspection issues, and security administrators can add exceptions for problematic streams with one click. Performance is also optimized out of the box with an extensive set of rules that are updated and maintained by SophosLabs to exclude safe traffic from inspection.
Sophos Firewall XGS Series appliances and firmware are easily managed on the cloud-based Sophos Central platform alongside Sophos’ entire portfolio of next-generation cybersecurity solutions. Solutions share threat intelligence and automatically respond to security incidents through Sophos’ unique synchronized security approach. Integration with Sophos Managed Threat Response (MTR) further boosts protection with human analysis for 24/7 fully managed threat detection and response.
Availability
Sophos Firewall XGS Series desktop and most 1U rackmount appliances are available for immediate purchase exclusively through Sophos’ global channel of partners and managed service providers (MSPs). These models are ideally suited for small, medium and distributed organizations as an all-in-one network security solution with a strong price to performance ratio and diverse add-on connectivity options.
Additional models designed for enterprise edge environments requiring maximum throughput for more complex network configurations will be available in the coming weeks. Simplified licensing includes bundled protection with enhanced support.
What Analysts and Channel Partners Say
“Firewall appliances are evolving to secure newer use cases, including cloud and the sudden shift to a growing remote workforce,” said Frank Dickson, program vice president at IDC. “The elegance of Sophos Firewall’s Xstream dual processor architecture approach is its ability to accelerate trusted traffic from so-called ‘elephant flows’— large media streams, VoIP traffic and even cloud applications — to then leverage the general purpose CPU to perform appropriate resource-intensive processes, such as deep packet inspection and TLS inspection. The result is an adaptable network appliance designed to provide protection while meeting changing and accelerating business demands across a variety of use cases.”
“The new XGS Series firewall appliances are screaming fast with rock solid, unbreakable stability. We captured an immediate increase in performance that doubled our throughput, which completely blew us away. Sophos Firewall has always been industry best, but the XGS Series appliances are revolutionary and beyond compare with cutting-edge innovation that’s years ahead of other offerings,” said Sam Heard, president at Data Integrity Services.
“Sophos Firewall provides the protection our customers need as they increasingly move business critical applications to the cloud and adopt zero trust technologies. It’s a win-win for channel partners, who further benefit with tremendous growth opportunities to cross and up-sell across the entire suite of Sophos solutions and services.”
“Sophos is raising the bar and pushing the cybersecurity industry forward at warp speed with its new XGS Series appliances, which are nothing short of amazing,” said Karen Greer, CEO at Secure Content Technologies.
“Appliance installation is incredibly simple, and within minutes I could hear our technician yelling through the wall, ‘wow, this is fast!’ Sophos Firewall is effortlessly managed on Sophos Central, making it exponentially easier to secure and manage diverse and complex customer environments.
“Knowing that Sophos Firewall automatically shares threat intelligence with other solutions on the platform through Sophos’ synchronized security heartbeat feature is game changing, giving us complete confidence and peace of mind that our customers are protected – even the most evasive threats don’t stand a chance at getting by.”
Against the backdrop of struggles by small and medium enterprises in Africa to scale their businesses because of lack of formal processes, Ovaloop Technologies has unveiled an inventory solution aimed at supporting retailers across Nigeria and Africa to formalise their businesses.
Combining inventory management, payment processing, accounting and business intelligence, the platform enables retailers to generate accurate financial records, improve operational efficiency, reduce internal fraud and strengthen their ability to access credit.
The company said the expansion of Nigeria’s digital payment ecosystem has created the need for solutions that go beyond processing transactions to helping small and medium-sized enterprises (SMEs) manage their day-to-day operations.
Speaking during the company’s launch event in Lagos on Monday, Princewill Mba, CEO and co-founder of Ovaloop Technologies described the platform as an indigenous technology designed to grow and formalize Africa’s retail economy
“Ovaloop is an inventory management system, but we like to always define it as a retail operating system, so think about it as your Microsoft Office. For us, the whole idea is to manage how businesses are being run. So Ovaloop manages your business operation end-to-end, from how you’re taking stock, to how you manage your stock, how you make sales, and how you collect payments,” Mba said.
Mba further noted that the company aims to change the conversation from building products that simply process payments to developing technology that helps retailers manage their entire business operations.
According to him, the formalisation of retail operations will also bring onboard unbanked SMEs, unlocking access to credit facilities which remain one of the major challenges facing SMEs in Nigeria and Africa.
“Most of these retailers are not bankable. They make a lot of money but when they come to collect loans from financial institutions, they struggle, because their cash flow statement is not very accurate, the data they provide to the banks or other financial institutions is not very accurate, and then they can’t work with that data.
“But with Ovaloop, we can generate useful data for them that they circulate to these institutions to help them access funding, and you can’t shy away from the fact that funding is very imperative for businesses to operate smoothly,” he said.
Acknowledging the gap in the inventory space, the CEO disclosed that the company took time to understand business operations across Africa and has built a solution that manages business operations end-to-end.
Mba said there is a huge gap in inventory management solutions across Africa, noting that many businesses still rely on manual record-keeping or disconnected software.
“What we’ve built and why we took this long was for us to understand how Africans operate business, because whether you would like it or not, most businesses are still taking inventory and stock using basic books while others use fragmented tools.
“So there’s a tool that collects your payment. There’s a tool that runs your business and another tool that runs your accounting. But when we talk about Ovaloop, it’s taking all these activities into cognisance. So, from end to end, we can manage your inventory.”
Daniel Kilanko, co-founder and CTO of Ovaloop Technologies commenting on the platform noted that it is easily accessible with strong security software that verifies payments and detects fraud.
“Our Ovaloop Pay Protect will tie every sales transaction to verified payments. So with that, you don’t have to deal with fragmented tools. The tools you are using for your inventory, payments and everything synchronise properly.
“So no transaction can be completed unless a verified payment is linked to that transaction. And with this, we also hope that we will be connecting with other local technology so that you just have one central system that does everything for you end-to-end.”
Kilanko said Ovaloop can be accessed through the web, Android and iOS mobile phones which gives users a complete business overview from anywhere in the world.
The platform will also be linked to various supply chains, enabling users to access products within and outside the country.
Also speaking, Titilope Ejimagwa, chairperson, Ovaloop Technologies, inventory losses and employee theft remain major operational challenges for many entrepreneurs
Ejimagwa recalled losing inventory to trusted employees despite maintaining close oversight of her business, citing nearly four decades of experience in marketing and entrepreneurship.
She noted that technology such as the Ovaloop platform, which can track inventory, verify payments and improve operational transparency, could significantly reduce such losses for SMEs.
“As entrepreneurs, one of our biggest challenges is fraud and inventory losses. Having one platform that helps monitor operations and reduce those risks is a major advantage for businesses,” she said.
Jumia Nigeria, the country’s e-commerce platform, has introduced a new instalment payment option on its marketplace through a partnership with Buy Now, Pay Later (BNPL) provider Klump, giving customers another way to pay for purchases without bearing the full cost upfront.
The new option allows eligible customers to spread payments for selected purchases over a period of up to 12 months after making an initial deposit of between 20 and 30 percent. The partnership is expected to widen access to products such as smartphones, electronics, home appliances, and other everyday essentials for consumers who may prefer structured repayment plans over one-time payments.
Customers selecting the option at checkout can compare financing offers from participating financial institutions, complete a digital credit assessment, and, once approved, begin repayment through fixed monthly instalments. The introduction of instalment payments comes as digital commerce continues to evolve in Nigeria, with retailers exploring payment options that respond to changing consumer spending patterns and the growing demand for financial flexibility.
Commenting on the partnership, Chief Executive Officer of Jumia Nigeria, Temidayo Ojo, said the initiative reflects the company’s commitment to making online shopping more accessible to a wider range of consumers.
“We are constantly looking at practical ways to remove barriers to online shopping. For many customers, affordability is not always about the price of a product but about having payment options that fit their financial reality. By introducing instalment payments with Klump, we are giving customers greater flexibility while making quality products more accessible.”
He added that expanding payment choices forms part of Jumia’s wider effort to improve the overall customer experience and support the company’s ambition of becoming Nigeria’s everyday retail destination.
“Whether we are strengthening our logistics network, expanding product selection, or introducing new payment solutions, the goal remains the same: to make shopping on Jumia simpler, more convenient, and more accessible for customers wherever they are,” Ojo said.
Founded to simplify access to goods across Africa, Jumia has continued to invest in technology, logistics, and payment solutions to make digital commerce easier for consumers in both major cities and emerging markets across Nigeria.
The addition of instalment payments complements the range of payment methods already available on the platform and comes at a time when consumer demand for flexible financing options is increasing across the retail sector.
Celestine Omin, Co-founder and Chief Executive Officer of Klump, said the partnership aligns with Klump’s objective of expanding access to responsible consumer credit.
“When we started Klump, our mission was simple: to give Nigerians access to affordable credit wherever they shop. Today, we’re pleased to partner with Jumia to bring flexible instalment payments to one of Africa’s largest e-commerce marketplaces, making it easier for more customers to access the products they need,” Omin said.
Under the arrangement, Klump will provide the financing infrastructure while customers complete the application process digitally during checkout. Financing offers are provided through participating financial institutions, subject to approval.
For Jumia, the partnership represents another step in expanding the range of services available on its marketplace while supporting broader efforts to deepen digital commerce and financial inclusion. As more Nigerians turn to online shopping, the availability of flexible payment options is expected to lower one of the barriers to e-commerce adoption, particularly for higher-value purchases.
Customers can access the instalment payment option by selecting Klump at checkout on eligible products available on the Jumia platform.
The Lagos State Government has launched a new financing initiative that will provide single-digit interest loans of up to N10 million to micro, small and medium enterprises (MSMEs), in a major push to improve access to affordable credit and stimulate business growth across the state.
The initiative, known as the Lagos State Access to Finance for SMEs through Cooperatives (LASMECO) programme, offers eligible businesses loans at a fixed 9 per cent annual interest rate, with repayment periods of up to 36 months for term loans and 24 months for working capital facilities. Beneficiaries will also enjoy moratoriums of six months and three months respectively.
The scheme was unveiled on Monday during the opening of a three-day LASMECO Accelerator Training Workshop organised by the Ministry of Commerce, Cooperatives, Trade and Investment, in Lagos.
In her keynote address, the Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Bada Ambrose-Medebem, said the programme was designed to bridge the financing gap facing thousands of Lagos businesses that have been priced out of conventional lending because of high interest rates and stringent collateral requirements.
Ambrose-Medebem, represented by the Director of Cooperative Services, Adeyinka Adeyemi, noted that MSMEs account for about 80 per cent of employment and contribute roughly 75 per cent of Lagos State’s Gross Domestic Product (GDP), yet many struggle to access affordable credit as commercial lending rates range between 35 and 40 per cent.
According to the commissioner, LASMECO addresses the challenge by using registered cooperative societies as financial intermediaries and guarantors, allowing entrepreneurs to obtain loans without relying solely on conventional collateral.
Under the financing framework, she said borrowers will provide 10 per cent cash collateral, while their cooperative societies will guarantee 25 per cent of the loan, adding that Sterling Bank Plc would provide a 50 per cent guarantee, creating a layered risk-sharing structure that makes lending more accessible and sustainable.
The programme targets businesses in agriculture, manufacturing, healthcare, the digital economy, creative industries, tourism, environmental sustainability and education.
The commissioner disclosed that the Lagos State Government has released its counterpart funding, while the Bank of Industry (BOI) has matched the state’s contribution, paving the way for loan disbursement, saying that BOI would serve as co-funder and final loan approver, while Sterling Bank would process applications, conduct credit assessments, disburse funds and recover repayments.
The commissioner reaffirmed the Lagos State Government’s commitment to ensuring the success of the initiative, expressing confidence that the programme would unlock affordable financing for thousands of entrepreneurs while boosting employment, productivity and economic development across the state.
Earlier, the Permanent Secretary in the ministry, Mr Babatunde Onigbanjo, said the workshop marked the transition of LASMECO from policy to implementation, stressing that the programme was fully funded and ready for rollout.
He said all necessary groundwork had been completed, including the release of counterpart funding, execution of memoranda of understanding and onboarding of accelerator organisations, adding that participants were now being equipped to begin recruiting and preparing loan beneficiaries.
According to him, the three-day workshop is designed to prepare accelerator organisations to identify eligible MSMEs, assess their credit readiness, compile loan applications and support borrowers from application through disbursement and repayment.
Onigbanjo urged participants to focus on quality rather than quantity in recruiting loan applicants, warning that poorly prepared businesses could increase loan defaults and undermine the programme.
He stressed that accelerator organizations would only be paid when the businesses they support successfully secure funding, saying the arrangement was intended to align their interests with the success of the programme.
The permanent secretary also emphasised that every loan applicant must belong to a registered cooperative society, describing the cooperative model as central to the programme because cooperatives provide a 25 per cent guarantee for every facility while helping to formalise informal businesses.
He disclosed that Lagos has more than 13,000 registered cooperative societies, although only about 1,900 to 2,200 are currently active, adding that reviving dormant cooperatives would significantly expand access to the financing scheme.
Onigbanjo warned accelerator organizations against charging applicants processing, training or evaluation fees, stressing that the only approved deductions are a N200,000 accelerator support fee and a one per cent BOI appraisal fee, both payable only after successful loan disbursement.
He said the state would closely monitor loan recovery, business growth, job creation, cooperative compliance and portfolio performance, adding that only accelerator organisations that deliver strong results would remain in the programme.
The permanent secretary described LASMECO as more than a loan scheme, saying it is also a strategy to formalise businesses, strengthen cooperatives, promote industrialization and drive inclusive economic growth across Lagos.
He urged participants to make full use of the workshop to prepare for immediate enrolment of qualified businesses, insisting that the programme had moved beyond planning and was now ready for implementation.
NPC Opens Nationwide Digital Birth, Death Registration Platform
FG Launches C.L.I.C.K.D., Consumer Credit Scheme for Tech Devices
Airtel Nigeria Expands Retail Footprint to Strengthen Customer Access Nationwide
Ovaloop Technologies Unveils Digital Tools to Formalize SMEs Operations Across Africa
Kaspersky Survey Highlights the Need for Smartphone Security
NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira
NASENI Moves to Digitize CCB’s 5m Assets Declaration and Operations
Lebara Nigeria Launches Lebara Play, Africa’s First Telecom-Owned Micro-Drama Platform
CANAL+ Partners Samsung to Pre-Load DStv Stream on New Samsung TVs In Nigeria, Other African Countries
Tokenization, Blockchain Technology will Transform Financial Institutions – IMF
News2 days agoAdebutu, PDP Chieftain Accuses Nigerian Governors of Embezzling LG Allocations
E-Financial2 days agoAccess Holdings Sells 7.44% Stake in Ghana Unit
E-Financial2 days agoNDIC Urges Youths to Shun Ponzi Schemes, Embrace Savings
News2 days agoNIMASA Unveils Accelerator Scheme to Drive Innovation, Sustainable Growth
E-Business2 days agoSERAP to Sue NASS over Bill Empowering NDPC to Regulate Social Media
E-Financial2 days agoNRS Issues July 31 Deadline for e-Invoicing Compliance
News2 days agoICPC Secures Final Forfeiture of N941m Linked to IPPIS Fraud
News2 days agoeBusinessLife Advocates Greater Support for Girls in ICT as Students Showcase AI Innovations