Okta Hack Update Shows Challenges in Rapid Cyber Disclosures

Okta is delaying product updates and internal projects by 90 days as it works to shore up its security architecture.

“The stakes are high and we will do whatever it takes to protect our current and future customers,” Chief Executive Todd McKinnon said in an earnings call Wednesday evening. “Bolstering our security environment is by far the highest priority for Okta. No other project or product-development area is more important,” he said.