One Third of Canadian SMBs Unaware of the Financial Impact of Cyberattacks Despite Facing Fallout, Okta Survey Finds
Okta, Inc. - Class A (OKTA)
Last okta, inc. - class a earnings: 3/5 04:05 pm
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Source: GlobeNewswire
Toronto, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Every year, billions of dollars are lost in Canada to cyberattacks, but new research shows that nearly one third (32 per cent) of Canadian small and medium-sized businesses (SMBs) that have been hit with a cyberattack aren’t even aware of the financial impact.* A new study* from Okta, Inc. (NASDAQ: OKTA), the leading independent Identity provider, found that SMBs operate within an unfamiliar and unpredictable landscape facing far-reaching impacts on their business. This lack of awareness reveals a significant vulnerability, as many SMBs don’t recognize the financial consequences of cyberattacks until they face them. Just over half (58 per cent) are willing to invest in cybersecurity measures after experiencing an attack, highlighting that SMBs end up paying the price in the aftermath. About one-in-five SMBs (16 per cent) invest over $200,000 in cybersecurity measures following an attack. “Many SMBs rely on identity via their email
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News
- Why Okta, Inc. (OKTA) Is Skyrocketing So Far in 2025? [Yahoo! Finance]Yahoo! Finance
- Incode and Okta Join Forces to Strengthen Workforce Identity Security [Yahoo! Finance]Yahoo! Finance
- Okta, Inc. (NASDAQ: OKTA) had its price target raised by analysts at Mizuho from $100.00 to $110.00. They now have a "neutral" rating on the stock.MarketBeat
- Okta, Inc. (NASDAQ: OKTA) had its price target raised by analysts at KeyCorp from $115.00 to $125.00. They now have an "overweight" rating on the stock.MarketBeat
- Okta Appoints Eric Kelleher as President and Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
OKTA
Earnings
- 12/3/24 - Beat
OKTA
Sec Filings
- 2/13/25 - Form 4
- 2/13/25 - Form 4
- 2/13/25 - Form 4
- OKTA's page on the SEC website