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Coface Asia Corporate Payment Survey 2021: Corporate payment delay trend stabilized; companies see brighter outlook, but risks and uncertainty remain

HONG KONG SAR – Media OutReach – 5 July 2021 – Coface‘s 2021 Asia Corporate Payment Survey, conducted between October 2020 and March 2021, provides insights into the evolution of payment behaviour and credit management practices of over 2,500 companies across the Asia Pacific region during a pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia-Pacific region.

No deterioration of payment delays despite the impact of COVID

65% of respondents experienced payment delays in 2020, similar to 2019. Despite a weakened economic environment, the survey conducted by Coface shows that payment delays improved in 2020, with the average duration of overdue payments falling to a five-year low, thanks to strong government policy responses. Shorter payment delays were seen across six of the nine surveyed economies and 10 out of 13 sectors. This trend was partially due to robust and coordinated government policy responses to soften the impact of the pandemic on business activity, as well as the move by companies towards tightening credit management and strengthening cash-flow resiliency. This tighter credit policy was reflected by the average duration of payment delays in Asia Pacific, which fell to 79 days in 2020, down from 85 in 2019, and its shortest length since 2015.

However, there was a build-up of credit risks in Australia and Hong Kong, with both reporting a strong increase in late payments, and more crucially, a sharp rise in ultra-long payment delays (ULPDs, over 180 days) amounting to over 2% of annual turnover. According to Coface’s experience, 80% of ultra-long payment delays (ULPDs, over 180 days) are never paid. Meanwhile, the retail, construction, and transport sectors – among the worst hit by the pandemic – saw the largest increases in ULPDs over 2% of their annual turnover, indicating an increase in cash flow risk.

Economic improvement in 2021: Companies in Australia and the automotive industry are most optimistic

2020 was characterised by the shock of Covid-19 on both economies and society. Unlike previous recessions, which tended to be gradual and shallower, the pandemic recession was rapid and deep due to the unique elements of the coronavirus pandemic. Companies were surveyed about the impact of Covid-19 on their business operations. In Japan and Taiwan, a reduction in demand was the top reason impacting companies’ sales and cash-flows, whereas in China, higher material prices were the most-cited reason. In India, where many companies rely on migrant workers, the top impact cited was insufficient workforces due to lockdown measures disrupting business operations.



With robust and coordinated policy responses, an accelerated shift towards digitalisation, and countries reopening parts of their economy after strict lockdown measures, the recovery was quick but uneven. Companies nevertheless expect that economic growth will improve in 2021. Australian firms were the most optimistic, with 80% of respondents anticipating higher growth, followed by India (76%), China (73%), Malaysia (73%) and Taiwan (71%). In contrast, Japan was the only country where less than two-thirds of respondents (61%) expect an improvement in economic growth during 2021.

By sectors, automotive is the most confident regarding year-ahead sales, with 66% of respondents expecting an improvement. This was followed by energy (64%), metals (64%), paper (63%) and pharmaceutical (61%). The highest proportion of companies anticipating an improvement in cash flows over the next 12 months were found in automotive, agri-food, and pharmaceutical at 55% each, followed by metals (53%), paper (52%), and chemicals (51%).

Information & communications equipment export drives growth in Asia but risks remain

With the ongoing move towards “normal” business conditions, we expect the region to experience positive growth after contracting in 2020. The pace of expansion will be the fastest in India (+9.0%), which saw the sharpest contraction among the nine surveyed economies during 2020. This is followed by China (+7.5%), Singapore (+6.3%), Taiwan (+5.6%), Australia (5.0%), Hong Kong (+4.8%), Malaysia (+4.6%), Japan (+2.7%) and Thailand (+2.2%). External demand has been a key driver of the recovery for Asia, as a global shift towards remote working and remote learning drove a global need for information and communications (ICT) equipment.

This greatly benefited several economies in the region that are key exporters of ICT products , such as China (+40% YTD), Taiwan (21% YTD), Malaysia (28% YTD) and Singapore (9% YTD). An increase in capital investment also boosted sales of electronic and electrical machinery. However, the recovery in private consumption was much more gradual, and lagged behind growth in manufacturing and exports as labour market improvements remained weak and many parts of the APAC region experienced renewed mobility restrictions and lockdowns. Curbs on international travel remained largely in place, which prevented the tourism sector from mounting a recovery.

“Our baseline scenario assumes that there will be no new wave of COVID-19 infections in the second half of 2021, and that a ramp-up of vaccination improves the resiliency of the recovery. The caveat is that the current environment remains difficult to predict. Moreover, there are rising risks to the recovery, such as the global semiconductor shortage, which could limit Asian export growth, and rising commodity prices, which could compress corporate margins and weigh on demand,” explained Bernard Aw, Coface’s Asia-Pacific Economist.


The complete report is available here.

Coface: for trade

With 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Debt Collection, Single Risk insurance, Bonding and Information services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients, in 100 countries, build successful, growing, and dynamic businesses across the world. Coface helps companies in their credit decisions. The Group’s services and solutions strengthen their ability to sell by protecting them against the risks of non-payment in their domestic and export markets. In 2020, Coface employed ~4,450 people and registered a turnover of €1.45 billion.

www.coface.com

COFACE SA. is listed on Compartment A of Euronext Paris.

ISIN Code: FR0010667147 / Mnemonic: COFA


#Coface

Coface Asia Corporate Payment Survey 2021: Corporate payment delay trend stabilized; companies see brighter outlook, but risks and uncertainty remain

HONG KONG SAR – Media OutReach – 5 July 2021 – Coface‘s 2021 Asia Corporate Payment Survey, conducted between October 2020 and March 2021, provides insights into the evolution of payment behaviour and credit management practices of over 2,500 companies across the Asia Pacific region during a pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia-Pacific region.

No deterioration of payment delays despite the impact of COVID

65% of respondents experienced payment delays in 2020, similar to 2019. Despite a weakened economic environment, the survey conducted by Coface shows that payment delays improved in 2020, with the average duration of overdue payments falling to a five-year low, thanks to strong government policy responses. Shorter payment delays were seen across six of the nine surveyed economies and 10 out of 13 sectors. This trend was partially due to robust and coordinated government policy responses to soften the impact of the pandemic on business activity, as well as the move by companies towards tightening credit management and strengthening cash-flow resiliency. This tighter credit policy was reflected by the average duration of payment delays in Asia Pacific, which fell to 79 days in 2020, down from 85 in 2019, and its shortest length since 2015.

However, there was a build-up of credit risks in Australia and Hong Kong, with both reporting a strong increase in late payments, and more crucially, a sharp rise in ultra-long payment delays (ULPDs, over 180 days) amounting to over 2% of annual turnover. According to Coface’s experience, 80% of ultra-long payment delays (ULPDs, over 180 days) are never paid. Meanwhile, the retail, construction, and transport sectors – among the worst hit by the pandemic – saw the largest increases in ULPDs over 2% of their annual turnover, indicating an increase in cash flow risk.

Economic improvement in 2021: Companies in Australia and the automotive industry are most optimistic

2020 was characterised by the shock of Covid-19 on both economies and society. Unlike previous recessions, which tended to be gradual and shallower, the pandemic recession was rapid and deep due to the unique elements of the coronavirus pandemic. Companies were surveyed about the impact of Covid-19 on their business operations. In Japan and Taiwan, a reduction in demand was the top reason impacting companies’ sales and cash-flows, whereas in China, higher material prices were the most-cited reason. In India, where many companies rely on migrant workers, the top impact cited was insufficient workforces due to lockdown measures disrupting business operations.



With robust and coordinated policy responses, an accelerated shift towards digitalisation, and countries reopening parts of their economy after strict lockdown measures, the recovery was quick but uneven. Companies nevertheless expect that economic growth will improve in 2021. Australian firms were the most optimistic, with 80% of respondents anticipating higher growth, followed by India (76%), China (73%), Malaysia (73%) and Taiwan (71%). In contrast, Japan was the only country where less than two-thirds of respondents (61%) expect an improvement in economic growth during 2021.

By sectors, automotive is the most confident regarding year-ahead sales, with 66% of respondents expecting an improvement. This was followed by energy (64%), metals (64%), paper (63%) and pharmaceutical (61%). The highest proportion of companies anticipating an improvement in cash flows over the next 12 months were found in automotive, agri-food, and pharmaceutical at 55% each, followed by metals (53%), paper (52%), and chemicals (51%).

Information & communications equipment export drives growth in Asia but risks remain

With the ongoing move towards “normal” business conditions, we expect the region to experience positive growth after contracting in 2020. The pace of expansion will be the fastest in India (+9.0%), which saw the sharpest contraction among the nine surveyed economies during 2020. This is followed by China (+7.5%), Singapore (+6.3%), Taiwan (+5.6%), Australia (5.0%), Hong Kong (+4.8%), Malaysia (+4.6%), Japan (+2.7%) and Thailand (+2.2%). External demand has been a key driver of the recovery for Asia, as a global shift towards remote working and remote learning drove a global need for information and communications (ICT) equipment.

This greatly benefited several economies in the region that are key exporters of ICT products , such as China (+40% YTD), Taiwan (21% YTD), Malaysia (28% YTD) and Singapore (9% YTD). An increase in capital investment also boosted sales of electronic and electrical machinery. However, the recovery in private consumption was much more gradual, and lagged behind growth in manufacturing and exports as labour market improvements remained weak and many parts of the APAC region experienced renewed mobility restrictions and lockdowns. Curbs on international travel remained largely in place, which prevented the tourism sector from mounting a recovery.

“Our baseline scenario assumes that there will be no new wave of COVID-19 infections in the second half of 2021, and that a ramp-up of vaccination improves the resiliency of the recovery. The caveat is that the current environment remains difficult to predict. Moreover, there are rising risks to the recovery, such as the global semiconductor shortage, which could limit Asian export growth, and rising commodity prices, which could compress corporate margins and weigh on demand,” explained Bernard Aw, Coface’s Asia-Pacific Economist.


The complete report is available here.

Coface: for trade

With 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Debt Collection, Single Risk insurance, Bonding and Information services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients, in 100 countries, build successful, growing, and dynamic businesses across the world. Coface helps companies in their credit decisions. The Group’s services and solutions strengthen their ability to sell by protecting them against the risks of non-payment in their domestic and export markets. In 2020, Coface employed ~4,450 people and registered a turnover of €1.45 billion.

www.coface.com

COFACE SA. is listed on Compartment A of Euronext Paris.

ISIN Code: FR0010667147 / Mnemonic: COFA


#Coface

Coface Asia Corporate Payment Survey 2021: Corporate payment delay trend stabilized; companies see brighter outlook, but risks and uncertainty remain

HONG KONG SAR – Media OutReach – 5 July 2021 – Coface‘s 2021 Asia Corporate Payment Survey, conducted between October 2020 and March 2021, provides insights into the evolution of payment behaviour and credit management practices of over 2,500 companies across the Asia Pacific region during a pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia-Pacific region.

No deterioration of payment delays despite the impact of COVID

65% of respondents experienced payment delays in 2020, similar to 2019. Despite a weakened economic environment, the survey conducted by Coface shows that payment delays improved in 2020, with the average duration of overdue payments falling to a five-year low, thanks to strong government policy responses. Shorter payment delays were seen across six of the nine surveyed economies and 10 out of 13 sectors. This trend was partially due to robust and coordinated government policy responses to soften the impact of the pandemic on business activity, as well as the move by companies towards tightening credit management and strengthening cash-flow resiliency. This tighter credit policy was reflected by the average duration of payment delays in Asia Pacific, which fell to 79 days in 2020, down from 85 in 2019, and its shortest length since 2015.

However, there was a build-up of credit risks in Australia and Hong Kong, with both reporting a strong increase in late payments, and more crucially, a sharp rise in ultra-long payment delays (ULPDs, over 180 days) amounting to over 2% of annual turnover. According to Coface’s experience, 80% of ultra-long payment delays (ULPDs, over 180 days) are never paid. Meanwhile, the retail, construction, and transport sectors – among the worst hit by the pandemic – saw the largest increases in ULPDs over 2% of their annual turnover, indicating an increase in cash flow risk.

Economic improvement in 2021: Companies in Australia and the automotive industry are most optimistic

2020 was characterised by the shock of Covid-19 on both economies and society. Unlike previous recessions, which tended to be gradual and shallower, the pandemic recession was rapid and deep due to the unique elements of the coronavirus pandemic. Companies were surveyed about the impact of Covid-19 on their business operations. In Japan and Taiwan, a reduction in demand was the top reason impacting companies’ sales and cash-flows, whereas in China, higher material prices were the most-cited reason. In India, where many companies rely on migrant workers, the top impact cited was insufficient workforces due to lockdown measures disrupting business operations.



With robust and coordinated policy responses, an accelerated shift towards digitalisation, and countries reopening parts of their economy after strict lockdown measures, the recovery was quick but uneven. Companies nevertheless expect that economic growth will improve in 2021. Australian firms were the most optimistic, with 80% of respondents anticipating higher growth, followed by India (76%), China (73%), Malaysia (73%) and Taiwan (71%). In contrast, Japan was the only country where less than two-thirds of respondents (61%) expect an improvement in economic growth during 2021.

By sectors, automotive is the most confident regarding year-ahead sales, with 66% of respondents expecting an improvement. This was followed by energy (64%), metals (64%), paper (63%) and pharmaceutical (61%). The highest proportion of companies anticipating an improvement in cash flows over the next 12 months were found in automotive, agri-food, and pharmaceutical at 55% each, followed by metals (53%), paper (52%), and chemicals (51%).

Information & communications equipment export drives growth in Asia but risks remain

With the ongoing move towards “normal” business conditions, we expect the region to experience positive growth after contracting in 2020. The pace of expansion will be the fastest in India (+9.0%), which saw the sharpest contraction among the nine surveyed economies during 2020. This is followed by China (+7.5%), Singapore (+6.3%), Taiwan (+5.6%), Australia (5.0%), Hong Kong (+4.8%), Malaysia (+4.6%), Japan (+2.7%) and Thailand (+2.2%). External demand has been a key driver of the recovery for Asia, as a global shift towards remote working and remote learning drove a global need for information and communications (ICT) equipment.

This greatly benefited several economies in the region that are key exporters of ICT products , such as China (+40% YTD), Taiwan (21% YTD), Malaysia (28% YTD) and Singapore (9% YTD). An increase in capital investment also boosted sales of electronic and electrical machinery. However, the recovery in private consumption was much more gradual, and lagged behind growth in manufacturing and exports as labour market improvements remained weak and many parts of the APAC region experienced renewed mobility restrictions and lockdowns. Curbs on international travel remained largely in place, which prevented the tourism sector from mounting a recovery.

“Our baseline scenario assumes that there will be no new wave of COVID-19 infections in the second half of 2021, and that a ramp-up of vaccination improves the resiliency of the recovery. The caveat is that the current environment remains difficult to predict. Moreover, there are rising risks to the recovery, such as the global semiconductor shortage, which could limit Asian export growth, and rising commodity prices, which could compress corporate margins and weigh on demand,” explained Bernard Aw, Coface’s Asia-Pacific Economist.


The complete report is available here.

Coface: for trade

With 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Debt Collection, Single Risk insurance, Bonding and Information services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients, in 100 countries, build successful, growing, and dynamic businesses across the world. Coface helps companies in their credit decisions. The Group’s services and solutions strengthen their ability to sell by protecting them against the risks of non-payment in their domestic and export markets. In 2020, Coface employed ~4,450 people and registered a turnover of €1.45 billion.

www.coface.com

COFACE SA. is listed on Compartment A of Euronext Paris.

ISIN Code: FR0010667147 / Mnemonic: COFA


#Coface

SonicWall Triples Threat Performance, Dramatically Improves TCO with Trio of New Enterprise Firewalls

With triple the firewall throughput compared to previous SonicWall appliances, new NSa and NSsp models help organizations keep pace with the speeds of their growing networks

SINGAPORE – Media OutReach – 5 July 2021 – SonicWall today announced three new high-performance firewall models for enterprises and large organizations — NSa 4700, NSa 6700 and NSsp 13700 — designed to accelerate network throughput, stop advanced cyberattacks like ransomware, and securely connect millions of users. Featuring some of the highest port densities in their class, the new appliances help enterprises keep pace with the speeds of their growing networks — all while drastically reducing total cost of ownership (TCO).

“The growing volume of ransomware attacks has enterprises and government agencies moving quickly to evaluate their mitigation capabilities and strengthen their security postures,” said SonicWall President and CEO Bill Conner. “The recent string of highly publicized cyberattacks has catapulted security to the top of the priority list. We’re there to help by delivering multiple options to cost-effectively protect even the largest environments. With higher port densities and more capacity, the new offerings dramatically disrupt the traditional cost structure as organizations need fewer appliances to secure the same environment.”

New NSa Firewalls Disrupt Cost Expectations by Tripling Throughput, Expanding Port Densities

The new SonicWall NSa 4700 and NSa 6700 next-generation firewalls deliver 18 and 36 Gbps of firewall throughput — three times the previous comparable SonicWall appliances. Both also support critical TLS 1.3 encryption standards.

“When designing large networks, high-bandwidth interfaces are a critical component,” said NW Technology owner Ryan Oord. “SonicWall’s new NSa series provides interface options that fit the different needs of varying and sizable networks.”

The NSa models boast some of the highest port densities in their class; the NSa 6700 even offers both 40G and 25G connectivity, delivering multi-gigabit threat protection for large environments. These higher port densities, coupled with hardware redundancy and high availability, allow distributed enterprises to purchase fewer appliances while supporting more secure connections as their networks grow.

The NSa 4700 and NSa 6700 provide up to 115,000 and 153,000 connections, respectively, per second. They also support up to 2 million or 6 million concurrent DPI connections, and up to 4,000 or 6,000 site-to-site VPN tunnels.

High-Performance NSsp 13700 Firewalls Designed To Protect The Fastest, Most Complex Environments

The new SonicWall NSsp 13700 is an advanced next-generation firewall for high-speed threat protection designed for enterprise-class networks and MSSPs that supports millions of encrypted connections.

The NSsp 13700 next-generation firewall delivers elite speeds for threat prevention throughput (45.5 Gbps), IPS (48 Gbps) and IPsec (29 Gbps), and include scalable hardware architecture with high port density. Like SonicWall’s other new offerings, the NSsp 13700 supports the latest TLS 1.3 encryption standard.

New Capture Labs Portal Delivers Research Tools, Centralized Repository
Information-sharing and collaboration is a critical component of an organization’s defensive posture. SonicWall is consolidating access to threat research and security news through the Capture Labs Portal, a free and centralized repository of research tools available to the public where visitors can track malicious actors and remain up to date with latest zero-day vulnerabilities.

To help expedite remediation, the Capture Labs Portal offers a single repository to look up threat signature, CVE details, IP reputation, and URL reputation, making it effortless to do your threat research from a single interface. SonicWall PSIRT advisories and Capture Labs threat researcher blogs with news regarding the latest vulnerabilities can be easily and quickly found out to take actions in response to emerging threats, attack vectors or vulnerabilities.

Simplify Secure SD-WAN Deployment, Management with New Orchestration and Monitoring Capabilities

Enterprises, service providers, government agencies and MSSPs can efficiently manage large-scale deployments with SonicWall’s cloud-native Network Security Manager (NSM), which delivers a single, easy-to-use cloud interface for streamlined management, analytics and reporting.

With NSM 2.3, network infrastructure teams can quickly troubleshoot and resolve issues as they monitor secure SD-WAN landscapes in real time. Administrators can monitor the health and performance of complete SD-WAN environments to ensure consistent configurations and drive optimal application performance.

SD-WAN environments are now easily organized using SonicWall’s new and intuitive self-guided workflow as well as the use of Templates that allow the provisioning of thousands of remote firewalls efficiently.

Enterprises also can leverage the NSM wizard-based setup process to ensure proper configuration for site-to-site VPN connectivity, and use the monitoring tools to track the connections and ensure optimum performance.

Optimize Productivity with Enhanced Network Visibility, Monitoring and Reporting
Managing employees’ internet utilization and behavior can be a substantial challenge for organizations. SonicWall has enhanced network visibility and reporting capabilities across security devices, users, VPN connections and more.

SonicWall Analytics 3.1 delivers Productivity Reports to provide insights into employees’ internet utilization and behavior. Generated snapshots and drill-down reports can classify users’ web activities into productivity groups such as productive, unproductive, acceptable, unacceptable or custom-defined groups.

Drill-down capabilities enable analysts to easily and quickly pivot and investigate data points of interest at the user level, and establish evidence-backed, policy-controlled measures for risky users and applications as they unfold in the discovery process.

New VPN Reports allow organizations to summarize what company resources are being accessed inside VPN tunnels, how much bandwidth they are consuming and by whom. Network admins can leverage this information for monitoring business-critical applications, controlling or shaping traffic, and planning for capacity growth.

Zero-Trust Security Offering Expanded to Include More Granular Control

SonicWall also introduced Device Posture Check with SonicWall Cloud Edge Secure Access 1.1, and the addition of new Network Traffic Control that enforces access control to the resources based on user groups, IP addresses, ports and network protocols.

About SonicWall

SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

#SonicWall

SonicWall Triples Threat Performance, Dramatically Improves TCO with Trio of New Enterprise Firewalls

With triple the firewall throughput compared to previous SonicWall appliances, new NSa and NSsp models help organizations keep pace with the speeds of their growing networks

SINGAPORE – Media OutReach – 5 July 2021 – SonicWall today announced three new high-performance firewall models for enterprises and large organizations — NSa 4700, NSa 6700 and NSsp 13700 — designed to accelerate network throughput, stop advanced cyberattacks like ransomware, and securely connect millions of users. Featuring some of the highest port densities in their class, the new appliances help enterprises keep pace with the speeds of their growing networks — all while drastically reducing total cost of ownership (TCO).

“The growing volume of ransomware attacks has enterprises and government agencies moving quickly to evaluate their mitigation capabilities and strengthen their security postures,” said SonicWall President and CEO Bill Conner. “The recent string of highly publicized cyberattacks has catapulted security to the top of the priority list. We’re there to help by delivering multiple options to cost-effectively protect even the largest environments. With higher port densities and more capacity, the new offerings dramatically disrupt the traditional cost structure as organizations need fewer appliances to secure the same environment.”

New NSa Firewalls Disrupt Cost Expectations by Tripling Throughput, Expanding Port Densities

The new SonicWall NSa 4700 and NSa 6700 next-generation firewalls deliver 18 and 36 Gbps of firewall throughput — three times the previous comparable SonicWall appliances. Both also support critical TLS 1.3 encryption standards.

“When designing large networks, high-bandwidth interfaces are a critical component,” said NW Technology owner Ryan Oord. “SonicWall’s new NSa series provides interface options that fit the different needs of varying and sizable networks.”

The NSa models boast some of the highest port densities in their class; the NSa 6700 even offers both 40G and 25G connectivity, delivering multi-gigabit threat protection for large environments. These higher port densities, coupled with hardware redundancy and high availability, allow distributed enterprises to purchase fewer appliances while supporting more secure connections as their networks grow.

The NSa 4700 and NSa 6700 provide up to 115,000 and 153,000 connections, respectively, per second. They also support up to 2 million or 6 million concurrent DPI connections, and up to 4,000 or 6,000 site-to-site VPN tunnels.

High-Performance NSsp 13700 Firewalls Designed To Protect The Fastest, Most Complex Environments

The new SonicWall NSsp 13700 is an advanced next-generation firewall for high-speed threat protection designed for enterprise-class networks and MSSPs that supports millions of encrypted connections.

The NSsp 13700 next-generation firewall delivers elite speeds for threat prevention throughput (45.5 Gbps), IPS (48 Gbps) and IPsec (29 Gbps), and include scalable hardware architecture with high port density. Like SonicWall’s other new offerings, the NSsp 13700 supports the latest TLS 1.3 encryption standard.

New Capture Labs Portal Delivers Research Tools, Centralized Repository
Information-sharing and collaboration is a critical component of an organization’s defensive posture. SonicWall is consolidating access to threat research and security news through the Capture Labs Portal, a free and centralized repository of research tools available to the public where visitors can track malicious actors and remain up to date with latest zero-day vulnerabilities.

To help expedite remediation, the Capture Labs Portal offers a single repository to look up threat signature, CVE details, IP reputation, and URL reputation, making it effortless to do your threat research from a single interface. SonicWall PSIRT advisories and Capture Labs threat researcher blogs with news regarding the latest vulnerabilities can be easily and quickly found out to take actions in response to emerging threats, attack vectors or vulnerabilities.

Simplify Secure SD-WAN Deployment, Management with New Orchestration and Monitoring Capabilities

Enterprises, service providers, government agencies and MSSPs can efficiently manage large-scale deployments with SonicWall’s cloud-native Network Security Manager (NSM), which delivers a single, easy-to-use cloud interface for streamlined management, analytics and reporting.

With NSM 2.3, network infrastructure teams can quickly troubleshoot and resolve issues as they monitor secure SD-WAN landscapes in real time. Administrators can monitor the health and performance of complete SD-WAN environments to ensure consistent configurations and drive optimal application performance.

SD-WAN environments are now easily organized using SonicWall’s new and intuitive self-guided workflow as well as the use of Templates that allow the provisioning of thousands of remote firewalls efficiently.

Enterprises also can leverage the NSM wizard-based setup process to ensure proper configuration for site-to-site VPN connectivity, and use the monitoring tools to track the connections and ensure optimum performance.

Optimize Productivity with Enhanced Network Visibility, Monitoring and Reporting
Managing employees’ internet utilization and behavior can be a substantial challenge for organizations. SonicWall has enhanced network visibility and reporting capabilities across security devices, users, VPN connections and more.

SonicWall Analytics 3.1 delivers Productivity Reports to provide insights into employees’ internet utilization and behavior. Generated snapshots and drill-down reports can classify users’ web activities into productivity groups such as productive, unproductive, acceptable, unacceptable or custom-defined groups.

Drill-down capabilities enable analysts to easily and quickly pivot and investigate data points of interest at the user level, and establish evidence-backed, policy-controlled measures for risky users and applications as they unfold in the discovery process.

New VPN Reports allow organizations to summarize what company resources are being accessed inside VPN tunnels, how much bandwidth they are consuming and by whom. Network admins can leverage this information for monitoring business-critical applications, controlling or shaping traffic, and planning for capacity growth.

Zero-Trust Security Offering Expanded to Include More Granular Control

SonicWall also introduced Device Posture Check with SonicWall Cloud Edge Secure Access 1.1, and the addition of new Network Traffic Control that enforces access control to the resources based on user groups, IP addresses, ports and network protocols.

About SonicWall

SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

#SonicWall

SonicWall Triples Threat Performance, Dramatically Improves TCO with Trio of New Enterprise Firewalls

With triple the firewall throughput compared to previous SonicWall appliances, new NSa and NSsp models help organizations keep pace with the speeds of their growing networks

SINGAPORE – Media OutReach – 5 July 2021 – SonicWall today announced three new high-performance firewall models for enterprises and large organizations — NSa 4700, NSa 6700 and NSsp 13700 — designed to accelerate network throughput, stop advanced cyberattacks like ransomware, and securely connect millions of users. Featuring some of the highest port densities in their class, the new appliances help enterprises keep pace with the speeds of their growing networks — all while drastically reducing total cost of ownership (TCO).

“The growing volume of ransomware attacks has enterprises and government agencies moving quickly to evaluate their mitigation capabilities and strengthen their security postures,” said SonicWall President and CEO Bill Conner. “The recent string of highly publicized cyberattacks has catapulted security to the top of the priority list. We’re there to help by delivering multiple options to cost-effectively protect even the largest environments. With higher port densities and more capacity, the new offerings dramatically disrupt the traditional cost structure as organizations need fewer appliances to secure the same environment.”

New NSa Firewalls Disrupt Cost Expectations by Tripling Throughput, Expanding Port Densities

The new SonicWall NSa 4700 and NSa 6700 next-generation firewalls deliver 18 and 36 Gbps of firewall throughput — three times the previous comparable SonicWall appliances. Both also support critical TLS 1.3 encryption standards.

“When designing large networks, high-bandwidth interfaces are a critical component,” said NW Technology owner Ryan Oord. “SonicWall’s new NSa series provides interface options that fit the different needs of varying and sizable networks.”

The NSa models boast some of the highest port densities in their class; the NSa 6700 even offers both 40G and 25G connectivity, delivering multi-gigabit threat protection for large environments. These higher port densities, coupled with hardware redundancy and high availability, allow distributed enterprises to purchase fewer appliances while supporting more secure connections as their networks grow.

The NSa 4700 and NSa 6700 provide up to 115,000 and 153,000 connections, respectively, per second. They also support up to 2 million or 6 million concurrent DPI connections, and up to 4,000 or 6,000 site-to-site VPN tunnels.

High-Performance NSsp 13700 Firewalls Designed To Protect The Fastest, Most Complex Environments

The new SonicWall NSsp 13700 is an advanced next-generation firewall for high-speed threat protection designed for enterprise-class networks and MSSPs that supports millions of encrypted connections.

The NSsp 13700 next-generation firewall delivers elite speeds for threat prevention throughput (45.5 Gbps), IPS (48 Gbps) and IPsec (29 Gbps), and include scalable hardware architecture with high port density. Like SonicWall’s other new offerings, the NSsp 13700 supports the latest TLS 1.3 encryption standard.

New Capture Labs Portal Delivers Research Tools, Centralized Repository
Information-sharing and collaboration is a critical component of an organization’s defensive posture. SonicWall is consolidating access to threat research and security news through the Capture Labs Portal, a free and centralized repository of research tools available to the public where visitors can track malicious actors and remain up to date with latest zero-day vulnerabilities.

To help expedite remediation, the Capture Labs Portal offers a single repository to look up threat signature, CVE details, IP reputation, and URL reputation, making it effortless to do your threat research from a single interface. SonicWall PSIRT advisories and Capture Labs threat researcher blogs with news regarding the latest vulnerabilities can be easily and quickly found out to take actions in response to emerging threats, attack vectors or vulnerabilities.

Simplify Secure SD-WAN Deployment, Management with New Orchestration and Monitoring Capabilities

Enterprises, service providers, government agencies and MSSPs can efficiently manage large-scale deployments with SonicWall’s cloud-native Network Security Manager (NSM), which delivers a single, easy-to-use cloud interface for streamlined management, analytics and reporting.

With NSM 2.3, network infrastructure teams can quickly troubleshoot and resolve issues as they monitor secure SD-WAN landscapes in real time. Administrators can monitor the health and performance of complete SD-WAN environments to ensure consistent configurations and drive optimal application performance.

SD-WAN environments are now easily organized using SonicWall’s new and intuitive self-guided workflow as well as the use of Templates that allow the provisioning of thousands of remote firewalls efficiently.

Enterprises also can leverage the NSM wizard-based setup process to ensure proper configuration for site-to-site VPN connectivity, and use the monitoring tools to track the connections and ensure optimum performance.

Optimize Productivity with Enhanced Network Visibility, Monitoring and Reporting
Managing employees’ internet utilization and behavior can be a substantial challenge for organizations. SonicWall has enhanced network visibility and reporting capabilities across security devices, users, VPN connections and more.

SonicWall Analytics 3.1 delivers Productivity Reports to provide insights into employees’ internet utilization and behavior. Generated snapshots and drill-down reports can classify users’ web activities into productivity groups such as productive, unproductive, acceptable, unacceptable or custom-defined groups.

Drill-down capabilities enable analysts to easily and quickly pivot and investigate data points of interest at the user level, and establish evidence-backed, policy-controlled measures for risky users and applications as they unfold in the discovery process.

New VPN Reports allow organizations to summarize what company resources are being accessed inside VPN tunnels, how much bandwidth they are consuming and by whom. Network admins can leverage this information for monitoring business-critical applications, controlling or shaping traffic, and planning for capacity growth.

Zero-Trust Security Offering Expanded to Include More Granular Control

SonicWall also introduced Device Posture Check with SonicWall Cloud Edge Secure Access 1.1, and the addition of new Network Traffic Control that enforces access control to the resources based on user groups, IP addresses, ports and network protocols.

About SonicWall

SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

#SonicWall

SonicWall Triples Threat Performance, Dramatically Improves TCO with Trio of New Enterprise Firewalls

With triple the firewall throughput compared to previous SonicWall appliances, new NSa and NSsp models help organizations keep pace with the speeds of their growing networks

SINGAPORE – Media OutReach – 5 July 2021 – SonicWall today announced three new high-performance firewall models for enterprises and large organizations — NSa 4700, NSa 6700 and NSsp 13700 — designed to accelerate network throughput, stop advanced cyberattacks like ransomware, and securely connect millions of users. Featuring some of the highest port densities in their class, the new appliances help enterprises keep pace with the speeds of their growing networks — all while drastically reducing total cost of ownership (TCO).

“The growing volume of ransomware attacks has enterprises and government agencies moving quickly to evaluate their mitigation capabilities and strengthen their security postures,” said SonicWall President and CEO Bill Conner. “The recent string of highly publicized cyberattacks has catapulted security to the top of the priority list. We’re there to help by delivering multiple options to cost-effectively protect even the largest environments. With higher port densities and more capacity, the new offerings dramatically disrupt the traditional cost structure as organizations need fewer appliances to secure the same environment.”

New NSa Firewalls Disrupt Cost Expectations by Tripling Throughput, Expanding Port Densities

The new SonicWall NSa 4700 and NSa 6700 next-generation firewalls deliver 18 and 36 Gbps of firewall throughput — three times the previous comparable SonicWall appliances. Both also support critical TLS 1.3 encryption standards.

“When designing large networks, high-bandwidth interfaces are a critical component,” said NW Technology owner Ryan Oord. “SonicWall’s new NSa series provides interface options that fit the different needs of varying and sizable networks.”

The NSa models boast some of the highest port densities in their class; the NSa 6700 even offers both 40G and 25G connectivity, delivering multi-gigabit threat protection for large environments. These higher port densities, coupled with hardware redundancy and high availability, allow distributed enterprises to purchase fewer appliances while supporting more secure connections as their networks grow.

The NSa 4700 and NSa 6700 provide up to 115,000 and 153,000 connections, respectively, per second. They also support up to 2 million or 6 million concurrent DPI connections, and up to 4,000 or 6,000 site-to-site VPN tunnels.

High-Performance NSsp 13700 Firewalls Designed To Protect The Fastest, Most Complex Environments

The new SonicWall NSsp 13700 is an advanced next-generation firewall for high-speed threat protection designed for enterprise-class networks and MSSPs that supports millions of encrypted connections.

The NSsp 13700 next-generation firewall delivers elite speeds for threat prevention throughput (45.5 Gbps), IPS (48 Gbps) and IPsec (29 Gbps), and include scalable hardware architecture with high port density. Like SonicWall’s other new offerings, the NSsp 13700 supports the latest TLS 1.3 encryption standard.

New Capture Labs Portal Delivers Research Tools, Centralized Repository
Information-sharing and collaboration is a critical component of an organization’s defensive posture. SonicWall is consolidating access to threat research and security news through the Capture Labs Portal, a free and centralized repository of research tools available to the public where visitors can track malicious actors and remain up to date with latest zero-day vulnerabilities.

To help expedite remediation, the Capture Labs Portal offers a single repository to look up threat signature, CVE details, IP reputation, and URL reputation, making it effortless to do your threat research from a single interface. SonicWall PSIRT advisories and Capture Labs threat researcher blogs with news regarding the latest vulnerabilities can be easily and quickly found out to take actions in response to emerging threats, attack vectors or vulnerabilities.

Simplify Secure SD-WAN Deployment, Management with New Orchestration and Monitoring Capabilities

Enterprises, service providers, government agencies and MSSPs can efficiently manage large-scale deployments with SonicWall’s cloud-native Network Security Manager (NSM), which delivers a single, easy-to-use cloud interface for streamlined management, analytics and reporting.

With NSM 2.3, network infrastructure teams can quickly troubleshoot and resolve issues as they monitor secure SD-WAN landscapes in real time. Administrators can monitor the health and performance of complete SD-WAN environments to ensure consistent configurations and drive optimal application performance.

SD-WAN environments are now easily organized using SonicWall’s new and intuitive self-guided workflow as well as the use of Templates that allow the provisioning of thousands of remote firewalls efficiently.

Enterprises also can leverage the NSM wizard-based setup process to ensure proper configuration for site-to-site VPN connectivity, and use the monitoring tools to track the connections and ensure optimum performance.

Optimize Productivity with Enhanced Network Visibility, Monitoring and Reporting
Managing employees’ internet utilization and behavior can be a substantial challenge for organizations. SonicWall has enhanced network visibility and reporting capabilities across security devices, users, VPN connections and more.

SonicWall Analytics 3.1 delivers Productivity Reports to provide insights into employees’ internet utilization and behavior. Generated snapshots and drill-down reports can classify users’ web activities into productivity groups such as productive, unproductive, acceptable, unacceptable or custom-defined groups.

Drill-down capabilities enable analysts to easily and quickly pivot and investigate data points of interest at the user level, and establish evidence-backed, policy-controlled measures for risky users and applications as they unfold in the discovery process.

New VPN Reports allow organizations to summarize what company resources are being accessed inside VPN tunnels, how much bandwidth they are consuming and by whom. Network admins can leverage this information for monitoring business-critical applications, controlling or shaping traffic, and planning for capacity growth.

Zero-Trust Security Offering Expanded to Include More Granular Control

SonicWall also introduced Device Posture Check with SonicWall Cloud Edge Secure Access 1.1, and the addition of new Network Traffic Control that enforces access control to the resources based on user groups, IP addresses, ports and network protocols.

About SonicWall

SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

#SonicWall

SonicWall Triples Threat Performance, Dramatically Improves TCO with Trio of New Enterprise Firewalls

With triple the firewall throughput compared to previous SonicWall appliances, new NSa and NSsp models help organizations keep pace with the speeds of their growing networks

SINGAPORE – Media OutReach – 5 July 2021 – SonicWall today announced three new high-performance firewall models for enterprises and large organizations — NSa 4700, NSa 6700 and NSsp 13700 — designed to accelerate network throughput, stop advanced cyberattacks like ransomware, and securely connect millions of users. Featuring some of the highest port densities in their class, the new appliances help enterprises keep pace with the speeds of their growing networks — all while drastically reducing total cost of ownership (TCO).

“The growing volume of ransomware attacks has enterprises and government agencies moving quickly to evaluate their mitigation capabilities and strengthen their security postures,” said SonicWall President and CEO Bill Conner. “The recent string of highly publicized cyberattacks has catapulted security to the top of the priority list. We’re there to help by delivering multiple options to cost-effectively protect even the largest environments. With higher port densities and more capacity, the new offerings dramatically disrupt the traditional cost structure as organizations need fewer appliances to secure the same environment.”

New NSa Firewalls Disrupt Cost Expectations by Tripling Throughput, Expanding Port Densities

The new SonicWall NSa 4700 and NSa 6700 next-generation firewalls deliver 18 and 36 Gbps of firewall throughput — three times the previous comparable SonicWall appliances. Both also support critical TLS 1.3 encryption standards.

“When designing large networks, high-bandwidth interfaces are a critical component,” said NW Technology owner Ryan Oord. “SonicWall’s new NSa series provides interface options that fit the different needs of varying and sizable networks.”

The NSa models boast some of the highest port densities in their class; the NSa 6700 even offers both 40G and 25G connectivity, delivering multi-gigabit threat protection for large environments. These higher port densities, coupled with hardware redundancy and high availability, allow distributed enterprises to purchase fewer appliances while supporting more secure connections as their networks grow.

The NSa 4700 and NSa 6700 provide up to 115,000 and 153,000 connections, respectively, per second. They also support up to 2 million or 6 million concurrent DPI connections, and up to 4,000 or 6,000 site-to-site VPN tunnels.

High-Performance NSsp 13700 Firewalls Designed To Protect The Fastest, Most Complex Environments

The new SonicWall NSsp 13700 is an advanced next-generation firewall for high-speed threat protection designed for enterprise-class networks and MSSPs that supports millions of encrypted connections.

The NSsp 13700 next-generation firewall delivers elite speeds for threat prevention throughput (45.5 Gbps), IPS (48 Gbps) and IPsec (29 Gbps), and include scalable hardware architecture with high port density. Like SonicWall’s other new offerings, the NSsp 13700 supports the latest TLS 1.3 encryption standard.

New Capture Labs Portal Delivers Research Tools, Centralized Repository
Information-sharing and collaboration is a critical component of an organization’s defensive posture. SonicWall is consolidating access to threat research and security news through the Capture Labs Portal, a free and centralized repository of research tools available to the public where visitors can track malicious actors and remain up to date with latest zero-day vulnerabilities.

To help expedite remediation, the Capture Labs Portal offers a single repository to look up threat signature, CVE details, IP reputation, and URL reputation, making it effortless to do your threat research from a single interface. SonicWall PSIRT advisories and Capture Labs threat researcher blogs with news regarding the latest vulnerabilities can be easily and quickly found out to take actions in response to emerging threats, attack vectors or vulnerabilities.

Simplify Secure SD-WAN Deployment, Management with New Orchestration and Monitoring Capabilities

Enterprises, service providers, government agencies and MSSPs can efficiently manage large-scale deployments with SonicWall’s cloud-native Network Security Manager (NSM), which delivers a single, easy-to-use cloud interface for streamlined management, analytics and reporting.

With NSM 2.3, network infrastructure teams can quickly troubleshoot and resolve issues as they monitor secure SD-WAN landscapes in real time. Administrators can monitor the health and performance of complete SD-WAN environments to ensure consistent configurations and drive optimal application performance.

SD-WAN environments are now easily organized using SonicWall’s new and intuitive self-guided workflow as well as the use of Templates that allow the provisioning of thousands of remote firewalls efficiently.

Enterprises also can leverage the NSM wizard-based setup process to ensure proper configuration for site-to-site VPN connectivity, and use the monitoring tools to track the connections and ensure optimum performance.

Optimize Productivity with Enhanced Network Visibility, Monitoring and Reporting
Managing employees’ internet utilization and behavior can be a substantial challenge for organizations. SonicWall has enhanced network visibility and reporting capabilities across security devices, users, VPN connections and more.

SonicWall Analytics 3.1 delivers Productivity Reports to provide insights into employees’ internet utilization and behavior. Generated snapshots and drill-down reports can classify users’ web activities into productivity groups such as productive, unproductive, acceptable, unacceptable or custom-defined groups.

Drill-down capabilities enable analysts to easily and quickly pivot and investigate data points of interest at the user level, and establish evidence-backed, policy-controlled measures for risky users and applications as they unfold in the discovery process.

New VPN Reports allow organizations to summarize what company resources are being accessed inside VPN tunnels, how much bandwidth they are consuming and by whom. Network admins can leverage this information for monitoring business-critical applications, controlling or shaping traffic, and planning for capacity growth.

Zero-Trust Security Offering Expanded to Include More Granular Control

SonicWall also introduced Device Posture Check with SonicWall Cloud Edge Secure Access 1.1, and the addition of new Network Traffic Control that enforces access control to the resources based on user groups, IP addresses, ports and network protocols.

About SonicWall

SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

#SonicWall