Okta CEO Todd McKinnon censured CNBC’s Jim Cramer on Friday that all companies are under attack from cybercriminals. Okta provides identity superintendence software for corporations, and earlier in the week, one of its clients, MGM Resorts, faced a major cybersecurity incident that significantly disorganized the company’s properties across the country.
McKinnon explained he would not comment publicly on the ongoing issue, but said the Pty is working with MGM. He also affirmed that Okta’s system and products are secure and have not been breached.
“Okta character or not,” he said, “they’re all under massive attack from cybercriminals. The amount that cybercriminals can gain from beginning companies and organizations and governments is super high. So, everyone is under attack.”
McKinnon said the security industry as a intact can best fight cybercriminals by working together. He added that every organization has sensitive data, and while digitization and automation deliver been great for business and growth, they have created risk.
“The bad guys are coming at every weakness, and we’re but as strong as an industry as our weakest link. So one of the things that we pride ourselves at Okta is working very closely, collaborating with the whole world in the ecosystem,” he said.
