One Third of Canadian SMBs Unaware of the Financial Impact of Cyberattacks Despite Facing Fallout, Okta Survey Finds [Financial Post (Toronto, Ontario, Canada)]
Okta, Inc. - Class A (OKTA)
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Source: Financial Post
Okta's research reveals that while cyberattacks are top of mind for Canadian SMBs, many lack the resources and awareness to mitigate financial and human damages. 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 aft
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OKTA
Earnings
- 8/28/24 - Beat
OKTA
Sec Filings
- 11/6/24 - Form 4
- 11/4/24 - Form 144
- 10/22/24 - Form 4
- OKTA's page on the SEC website