Okta will execute the third-largest round of layoffs of any cybersecurity company in the current economic downturn, axing 300 workers following customer identity execution challenges. The identity giant plans to reduce its staff by 5% in a push to reduce operating expenses and improve profitability.
Radiant Logic has agreed to buy Brainwave to move from an attestation-based identity governance model to one that more rigorously ensures the appropriateness of credentials. Brainwave uses data and AI to tell customers where in the organization user identities are most likely to be out of sync.
Privileged access management vendor Delinea has hired longtime RSA sales leader David Castignola to expand beyond North America as well as in nonregulated industries. Delinea hopes to increase sales beyond verticals such as financial services, banking, healthcare, insurance and the public sector.
SailPoint has made its first acquisition since joining Thoma Bravo, scooping up a third-party identity risk startup established by a Massachusetts Air National Guard veteran. Buying SecZetta will give customers more visibility into employee, third-party contractor and temporary worker identities.
Simeio has added SailPoint and IBM to its identity and access management line card through the purchase of identity services provider PathMaker Group. The first acquisition in its 17-year history will give Simeio access to senior-level personnel with deep knowledge in identity governance.
Over the last few years, cloud acceleration, security threats, and constant technology transformation, bombarded enterprises. For many, inflexible IGA technology worsened the challenges brought on by constant business shifts. The lack of comprehensive identity controls or policies puts organizations at risk.
Government-imposed rules on incident reporting by organizations impacted by cyberattacks are not new – many sectors have been subjected to them for decades. What is new is that governments are introducing new, more stringent incident reporting rules that will affect a broader set of organizations.
Okta has stemmed employee attrition and accelerated customer identity sales by clarifying product function but now has to grapple with longer sales cycles for small to midsized businesses. Okta says efforts to reposition its customer identity offering over the past quarter have borne fruit.
The U.S. Federal Trade Commission pushed until June 9 the date for nonbanking financial firms to follow cybersecurity mandates in the updated Safeguards Rule. The agency approved the update in a partisan vote in October 2021, imposing requirements such as a written information security program.
Twitter accounts that use SMS for two-factor authentication are at a heightened risk of account takeover with the disclosure that texting "STOP" to the verification service results in it being turned off. The vulnerability opens the door to a password reset attack or a password stuffing attack.
Apple, Google and Microsoft supported a new common passwordless sign-in standard, and a key Senate committee approved the Improving Digital Identity Act of 2022. How will these moves pay off in 2023? Identity security expert Jeremy Grant weighs in on trends and predictions for the new year.
Multifactor authentication needs to move away from one-time passwords sent via text message and embrace modern standards that prevent man-in-the-middle attacks. Plus, excessive identity challenges online lead to 20% of e-commerce transactions being abandoned, say experts at Authenticate 2022.
Perennial leaders ForgeRock, Ping Identity and IBM, along with a surging Okta, set themselves apart from the pack of CIAM vendors in the latest report by KuppingerCole analysts. Ping Identity leapfrogged ForgeRock to capture the gold in product leadership, and IBM once again took the bronze.
A Senate committee this week approved a bill that would create governmentwide standards for identity verification and provide grants to help states and local agencies upgrade ID systems and offer online digital identity services. Supporter Jeremy Grant hopes to see a full Senate vote in 2022.