Okta CEO on MGM breach: Companies are under ‘large attack from cybercriminals’

Okta CEO Todd McKinnon instructed CNBC’s Jim Cramer on Friday that each one firms are under attack from cybercriminals. Okta offers id administration software program for firms, and earlier within the week, one in every of its purchasers, MGM Resorts, confronted a serious cybersecurity incident that significantly disrupted the corporate’s properties throughout the nation.

McKinnon defined he wouldn’t remark publicly on the continued situation, however stated the corporate is working with MGM. He additionally affirmed that Okta’s system and merchandise are safe and haven’t been breached.

“Okta buyer or not,” he stated, “they’re all under large attack from cybercriminals. The quantity that cybercriminals can achieve from attacking firms and organizations and governments is tremendous excessive. So, everyone seems to be under attack.”

McKinnon stated the safety trade as a complete can finest struggle cybercriminals by working collectively. He added that each group has delicate knowledge, and whereas digitization and automation have been nice for enterprise and development, they’ve created threat.

“The dangerous guys are coming at each weak spot, and we’re solely as sturdy as an trade as our weakest hyperlink. So one of many issues that we satisfaction ourselves at Okta is working very intently, collaborating with everybody within the ecosystem,” he stated.