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CrowdStrike shares rose as much as 10.2% to $164.41 on Thursday and was last trading at $162, up 8.59%. Okta's shares rose 17.6% to $86.50, their highest level since May. Other cybersecurity firms were also trading higher, buoyed by CrowdStrike and Okta. Multiple analysts raised their price target for the shares of CrowdStrike and Okta in reaction to the news. Austin, Texas-based CrowdStrike delivers cloud-based cybersecurity protection through its Falcon platform that is used by many large U.S. companies.
Persons: Dado Ruvic, CrowdStrike, Okta, Chibuike Oguh, Lance Tupper, Mark Porter Organizations: REUTERS, CrowdStrike Holdings, Okta Inc, Wall, Zscaler Inc, Nasdaq, Palo Alto Networks, Thomson Locations: CrowdStrike, Austin , Texas, U.S, San Francisco, New York
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.
Salesforce said its business customers are adopting behaviors typically seen in an economic downturn. Attendees at its 2022 Dreamforce conference in San Francisco. Business-software companies say customers are being more cautious with their spending in response to a challenging economy, adding to the tech industry’s list of concerns. Customers for companies such as Salesforce Inc., Okta Inc. and CrowdStrike Holdings Inc. are taking longer to sign deals, and in some cases slowing their hiring plans as they try to protect their bottom lines, the software providers reported this past week. That trend has created a cloudy outlook for many in the once-booming business-software sector, which benefited from years of demand as customers looked to use the products to trim costs and maintain their businesses during the pandemic.
Dec 2 (Reuters) - The U.S. Department of Homeland Security (DHS) said on Friday the Cyber Safety Review Board will investigate recent cyber-attacks linked to Lapsus$. "Lapsus$ has reportedly employed techniques to bypass a range of commonly-used security controls and has successfully infiltrated a number of companies across industries and geographic areas," the DHS said. It is also known to have infiltrated systems at Nvidia Corp (NVDA.O), Microsoft Corp (MSFT.O) and Okta Inc (OKTA.O), an authentication service. The Cyber Safety Review Board is a public-private body that takes up fact-finding initiatives. It serves to review major cyber events and make concrete recommendations.
European governments still can't agree on a price cap for Russian oil even as the December 5 deadline is less than a week away. Poland, for example, is committed to a $30 price cap. Even with a price cap of, say, $65, it's unclear whether that can really make an impact, given that Russia's flagship crude oil — Urals grade crude — is trading 20% below that level already. Despite the West's repeated condemnation of Russia and President Vladimir Putin, Russia remains Europe's largest single refined oil products supplier. A) The West agrees to a price cap above $40B) The West agrees to a price cap below $40C) The West does not agree to any price capLet me know on Twitter (@philrosenn) or email me (prosen@insider.com).
Uber says Lapsus$-linked hacker responsible for breach
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo for Uber Technologies is seen on a vehicle in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew KellySept 19 (Reuters) - Uber Technologies Inc (UBER.N) said on Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack that forced the ride-hailing company to shut several internal communications temporarily last week. Register now for FREE unlimited access to Reuters.com RegisterThe company said it was in close coordination with the FBI and the U.S. Department of Justice on the matter. The hacker had posted a message on the forum about seeking to "negotiate a deal" with the videogaming company. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Nivedita Balu in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
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