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US-based identity and access management company Okta enters the Indian market

IndianStartupNews

IndianStartupNews · 2y ago

US-based identity and access management company Okta enters the Indian market

Identity and access management company Okta ventures into the Indian market, expanding its global presence. The move reflects Okta's strategic focus on catering to India's growing digital landscape and security needs. By entering the Indian market, Okta aims to provide advanced identity and access management solutions, contributing to the cybersecurity ecosystem and digital transformation efforts in the country.

Related News

Okta says hackers breached its support system and viewed customer files

Arstechnica

Arstechnica · 1y ago

Okta says hackers breached its support system and viewed customer files

Identity and authentication management provider Okta has reported a breach in its customer support management system, resulting in hackers gaining access to private customer information. The hackers were able to view files uploaded by certain Okta customers, likely containing sensitive data such as cookies and session tokens. Okta has taken measures to protect customers, including revoking embedded session tokens. It is unclear how the hackers obtained credentials, and it is unknown if two-factor authentication was in place. Okta has experienced previous security breaches in recent years.

US-based insurance broker Lockton enters India

Economic Times

Economic Times · 1y ago

US-based insurance broker Lockton enters India

Insurance broker Lockton has entered the Indian market with the aim of providing risk management and insurance solutions to clients across the country. The US-based company plans to target both domestic and international clients, offering a range of services including employee benefits consulting, casualty, property, and cyber risk, as well as mergers and acquisitions transactions. Lockton hopes to leverage its global expertise and experience in the insurance sector to cater to the Indian market's growing demand for comprehensive risk management solutions.

Device Authority Raises Further $2M in Funding

Finsmes · 1y ago

Device Authority Raises Further $2M in Funding

Device Authority, a UK and US-based company specializing in identity and access management for Enterprise IoT ecosystems, has secured an additional $2 million in funding. Prelude, an investment firm, provided the funding. The company plans to use the funds to expand its operations and development efforts. Device Authority's KeyScaler identity security platform and KeyScaler-as-a-Service (KSaaS) help organizations enhance device and data trust, reduce human error, and enable trusted AI in connected environments. CEO Darron Antill emphasized the importance of ensuring trust in devices and data and expressed gratitude for Prelude's support in advancing their solution.

1Password detects “suspicious activity” in its internal Okta account

Arstechnica

Arstechnica · 1y ago

1Password detects “suspicious activity” in its internal Okta account

Password manager, 1Password, has detected suspicious activity on its Okta account following the recent Okta breach. The unauthorized access was limited and there was no compromise of user data or sensitive systems. 1Password is working with Okta to investigate the breach and determine the means used by the attacker to access the account. This is the second known Okta customer to be targeted in a follow-on attack. Additional details of the incident and actions taken by the attacker have not been disclosed.

Oleria accelerates Bangalore expansion, fuelling identity security innovation

YourStory

YourStory · 11m ago

Oleria accelerates Bangalore expansion, fuelling identity security innovation

Identity theft is a growing concern in the digital age. As cybercriminals become more sophisticated, traditional identity and access management solutions are no longer sufficient. Oleria, a cybersecurity leader, is addressing this challenge by developing innovative identity security solutions. Their Trustfusion platform provides unparalleled visibility and control over access, helping organizations reduce their attack surface and protect sensitive data. Oleria is rapidly gaining traction in the market, with customers like Vimeo praising its comprehensive visibility and user-friendly experience. With a focus on talent development and a collaborative work environment, Oleria is building a world-class team to continue driving innovation in identity security.

Euler Motors enters small commercial vehicle segment

YourStory

YourStory · 11m ago

Euler Motors enters small commercial vehicle segment

Indian electric vehicle manufacturer Euler Motors has announced its entry into the small commercial vehicle (SCV) segment. The company plans to launch its first four-wheeler with a payload of over 1,000 kg during the upcoming festive season. Euler Motors aims to meet the rising demand for cost-effective and high-performance inter- and intra-city transportation solutions. The company's new SCV will offer a long driving range, high payload capacity, and advanced real-time fleet management features. The Indian SCV market is expected to reach a value of INR 34,900 crore by FY27, with EVs projected to have the highest growth rate.

Cred enters new business segment, launches vehicle management service

Money Control

Money Control · 1y ago

Cred enters new business segment, launches vehicle management service

Cred, the credit card and bill payments fintech unicorn, has introduced 'Cred Garage', a vehicle management service within its app. This new feature offers concierge services, parking services, document management, and spending insights to Cred members. It aims to cater to the high-spending individuals who possess both credit cards and cars. Cred Garage also integrates DigiLocker for easy access to essential documents. This expansion comes as Cred faces challenges with a decline in average UPI transaction value and a shrinking share of the credit card bill payment market.

Cloudflare hacked — company reveals details of November 2023 cyberattack, blames previous Okta breach

Techradar

Techradar · 1y ago

Cloudflare hacked — company reveals details of November 2023 cyberattack, blames previous Okta breach

Cloudflare attributes a cyberattack it experienced in November 2023 to the Okta breach that occurred a month earlier. The threat actor gained access to Cloudflare's endpoints using compromised credentials from the Okta breach. Although limited access was achieved, no customer data or systems were compromised. The attacker focused on understanding Cloudflare's network architecture and security. Cloudflare conducted a comprehensive remediation effort, rotating over 5,000 credentials and reinforcing security protocols. The attack was said to be orchestrated by a methodical and thoughtful nation-state actor.

Trade-enablement startup Xindus raises $10 million funding from 3one4 Capital, others

Economic Times

Economic Times · 4m ago

Trade-enablement startup Xindus raises $10 million funding from 3one4 Capital, others

Xindus, a Gurgaon-based trade-enablement startup for SMEs, secured $10 million in funding led by 3one4 Capital and Orios Venture Partners. The funds aim to expand operations, increase the customer base from 1,000 to 10,000, and boost gross merchandise value to $200 million. Founded in 2022, Xindus streamlines global market access for Indian SMEs by enhancing order fulfillment and financial management. The startup plans to grow in India, the US, the UK, and new markets like Canada and Australia.

Apollo Global making face-saver exit from decade-old India portfolio firm

VCCircle

VCCircle · 9m ago

Apollo Global making face-saver exit from decade-old India portfolio firm

Apollo Global Management, a US-based private equity firm, is making an exit from an investment it made in an Indian company over a decade ago. The company, listed on the New York Stock Exchange, has decided to exit the struggling Indian firm through its local joint venture. Apollo Global Management is one of the largest alternative investment firms globally, with significant assets under management.

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