Okta Identity Governance has enjoyed success in its first quarter of global availability as businesses unify access management and governance. Okta is surprised by the amount of traction its governance offering has gained with large enterprises and in competitive bake-offs, says CEO Todd McKinnon.
CyberArk will promote Matt Cohen, 47, to CEO on April 3. Cohen, who is credited with optimizing CyberArk's go-to-market organization and leading its transition to a subscription business model, will replace Udi Mokady, 54, who co-founded CyberArk in 1999 and has served as its CEO since 2005.
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.
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.
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.
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.
Over half of organizations have made changes to their cybersecurity structure over the last two years in response to this shift in business environments, but it’s barely moved the needle. The number of cyberattacks has increased, specifically through third-party vendor access, and businesses are failing to take...
It’s no secret—hackers are after your passwords. Year after year, credential theft continues to be a top attack vector, yet organizations struggle to secure their credentials. Internal and external users risk being compromised when their passwords are shared, improperly stored, or used across multiple accounts and...
Japanese conglomerate Hitachi has sold its small identity-as-a-service practice to Canadian software specialist Volaris Group to drive better execution around core products. The firm found it was easy to get lost within Hitachi given the conglomerate's size and focus on electronics and engineering.
Bitwarden has raised $100 million to expand into new product areas including developer secrets, passwordless and privileged access management. The investment will help the firm debut new features for individual and business users and expand its footprint in Japan, Germany, France and South America.
A month after his firm was taken private in a $6.9 billion deal, SailPoint founder and CEO Mark McClain discusses the prospect of consolidation, emerging competition and plans to expand "more quickly and aggressively" in the identity governance space - thanks to Thoma Bravo's financial backing.
CyberArk has pushed beyond privileged access management to address broader identity use cases as the rise of machine identities creates new challenges. The company will offer more holistic protection to user and nonuser identities by expanding into secrets management and cloud privilege security.
The access landscape has changed. The traditional perimeters are dissolving, and as organizations move to a decentralized workforce and network architecture (including servers, data centers, access points, and more), what was previously safe behind a network wall is no longer protected.
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As this technology is automated, it can also scan more accesses because a new rule doesn’t need to be created for each access. You can jump from a 1% audit rate to a 99% audit rate.
How does a conglomerate implement PAM across multiple companies? What are some of the challenges, and how can you overcome them? Gonz Gonzales, the CISO at JG Summit Holdings, one of the largest conglomerates in the Philippines, shares his journey of PAM implementation across companies.
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