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State actors have since made routine attacks in various countries to manipulate the outcome of elections, according to cyber experts. "Right now, generative AI can be used for harm or for good and so we see both applications every day increasingly adopted," Meyers told CNBC. "This democratic process is extremely fragile," Meyers told CNBC. "You can train those voice AI models very easily ... through exposure to social [media]," Holmes told CNBC in an interview. It's just one example of many deepfakes that have cybersecurity experts worried about what's to come as the U.K. approaches elections later this year.
Persons: Andrew Brookes, Rishi Sunak, Todd McKinnon, Okta's McKinnon, We're, Adam Meyers, CrowdStrike, Meyers, Dan Holmes, Holmes, Keir Starmer, what's Organizations: Getty, Britain, CNBC, British, U.S, APT, New Zealand, Labour Party, Local, Facebook, Meta, Google Locations: Russian, Moscow, London, Wuhan, U.S, Australia, New, China, cybersecurity, Russia, Iran
We want to be the leading identity management company, says Okta CEO Todd McKinnonOkta Co-Founder, Chairman, and CEO Todd McKinnon joins 'Mad Money' host Jim Cramer to discuss its various use cases including its partnership with ChatGPT and the state of cybersecurity.
Persons: Todd McKinnon Okta, Todd McKinnon, Jim Cramer Organizations: ChatGPT Locations: cybersecurity
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOkta CEO Todd McKinnon breaks down earnings beat as stock surges 20%Okta CEO Todd McKinnon joins CNBC's "Money Movers" in an exclusive interview to discuss earnings and demand in the software industry.
Persons: Todd McKinnon
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Snowflake : Shares were sinking nearly 20% on weak guidance and CEO Frank Slootman announcing his retirement. Jim Cramer said Thursday he's a big fan of Slootman and the CEO's planned departure is a blow to the company. Cramer said, "Celsius has a lot of bears" betting against the stock, which can lead to volatility. PepsiCo has a large stake in Celsius, Cramer noted, adding the soft drink and snack giant is very pleased with it.
Persons: Jim Cramer's, Frank Slootman, Jim Cramer, Cramer, Todd McKinnon, McKinnon Organizations: CNBC, Club, Paramount, Costco, PepsiCo, Charitable Trust, Amazon
Recent job cuts have been concentrated mainly in just a few sectors: technology, finance and media. Relative to the U.S. labor force of 160 million people, layoffs so far have been dwarfed by consistently vigorous hiring — a monthly average of 248,000 jobs added over the past six months. THE LAYOFFS ARE SPREAD OVER TIMEHigh-profile job cuts typically involve many layoffs that aren't implemented immediately. So they weren't included in the January jobs data that was released Friday because the layoffs hadn't yet taken place. Jobs cuts are deeply distressing and disruptive for people who suffer them.
Persons: they've, , They're, That's, binges, Todd McKinnon, Organizations: WASHINGTON, Blockbuster, eBay, UPS, Spotify, Manufacturers, Labor Department, Companies Locations: Federal, U.S
Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount. CEO Todd McKinnon said in his message that the "reality is that costs are still too high." Okta is only the latest tech company to trim headcount in the opening weeks of 2024. Nearly 24,000 tech workers lost their jobs in January alone, even as many tech companies saw their stock prices continue to grow. It was a smaller round of cuts, impacting around 300 employees, and at the time McKinnon said that prior overhiring had led to unsustainable staffing levels.
Persons: Okta, Todd McKinnon, McKinnon, overhiring
The ID verification company told Business Insider it was a "necessary" decision to ensure profitable growth. CEO Todd McKinnon told employees in a memo sent at 5:30 PT that the company is laying off about 400 employees. If your role is impacted, your leadership will schedule a meeting today to discuss next steps. To the impacted employees, I am deeply sorry and we thank you for your many contributions. As we navigate these changes, remember that Okta is critical infrastructure for 18,800 organizations around the world.
Persons: Todd McKinnon, McKinnon, we've, Todd Organizations: Business, Okta Locations: U.S
Todd McKinnon, co-founder and CEO of Okta, shares lessons learned from the security breach that his organization experienced in early 2022. 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.
Persons: Todd McKinnon, Okta, Organizations:
Okta CEO Todd McKinnon goes one-on-one with Jim Cramer
  + stars: | 2023-09-15 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Okta CEO Todd McKinnon goes one-on-one with Jim CramerOkta Co-Founder and CEO Todd McKinnon joins 'Mad Money' host Jim Cramer to talk quarterly earnings, the recent cyberattacks on casinos, corporate partnerships and more.
Persons: Todd McKinnon, Jim Cramer Okta, Jim Cramer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Okta system was not breached in the recent casino cyberattacks, says CEO Todd McKinnonOkta Co-Founder and CEO Todd McKinnon joins 'Mad Money' host Jim Cramer to talk quarterly earnings, the recent cyberattacks on casinos, corporate partnerships and more.
Persons: Todd McKinnon Okta, Todd McKinnon, Jim Cramer
Okta CEO Todd McKinnon told CNBC's Jim Cramer on Friday that all companies are under attack from cybercriminals. McKinnon explained he would not comment publicly on the ongoing issue, but said the company is working with MGM. "Okta customer or not," he said, "they're all under massive attack from cybercriminals. The amount that cybercriminals can gain from attacking companies and organizations and governments is super high. So one of the things that we pride ourselves at Okta is working very closely, collaborating with everyone in the ecosystem," he said.
Persons: Todd McKinnon, CNBC's Jim Cramer, McKinnon Organizations: MGM Resorts, MGM Locations: cybercriminals
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCould some cloud-based software stocks be getting back their mojo? Mad Money host Jim Cramer talks to Okta CEO Todd McKinnon about the cloud-based software company's new focus on profitable growth.
Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. Part of the delay, he said, was in getting details from the cloud company, which he declined to name. Cybersecurity companies should be held to a higher standard than others in relaying information about hacks quickly and thoroughly, Mr. Toubba said. The lessons learned from cyberattacks can be just as important as how a company responds to a breach, security chiefs say. LastPass has also rolled out several security tools in its infrastructure, data center and cloud systems, Mr. Toubba said.
Cramer's lightning round: EMCOR Group is my kind of stock
  + stars: | 2023-02-09 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...Moderna Inc : "I think you should buy more." Loading chart...Okta Inc : "[CEO Todd McKinnon has] got to pivot first. We mean pivot, going from loss and high growth to a little less growth and profit." Loading chart...EMCOR Group Inc : "That's my kind of stock. Loading chart...AllianceBernstein Holding LP : "I think you possibly have a winner.
Okta to Lay Off 5% of Staff After Pandemic Hiring Spree
  + stars: | 2023-02-02 | by ( Will Feuer | ) www.wsj.com   time to read: 1 min
The spread of Covid-19 led to a surge in demand for Okta’s identity-verification technology. Business-software provider Okta Inc. said it is laying off about 300 employees, or 5% of staff, joining the spate of technology companies that are cutting costs following a pandemic-fueled growth spurt. Chief Executive Todd McKinnon said Okta made decisions last year that were based on demand trends experienced in 2021.
That means Amazon Web Services, Microsoft Azure, and Google Cloud could be poised for a merger-and-acquisition spree. As for cloud acquisitions, analysts said Amazon's cloud unit didn't often buy companies. Cybersecurity has been a greater focus for Microsoft, AWS, and Google Cloud after the hack of the IT-software company SolarWinds in 2020. In 2019, Google purchased the data-analytics company Looker for $2.6 billion in cash under Google Cloud CEO Thomas Kurian. With Kurian at the helm, bringing with him the Oracle acquisition playbook, Google Cloud may now have a bigger M&A appetite.
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