Okta AI tools will help integrate cybersecurity systems: CEO

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Workplace cybersecurity company Okta (OKTA) unveiled new AI products to better protect customer data at its annual Oktane Identity Conference in Las Vegas.

Market Domination hosts Julie Hyman and Josh Lipton welcome Okta CEO Todd McKinnon to talk more about the company's new AI tools to better secure enterprise applications.

"The biggest problem in technology today, which is if you look at a company that has probably thousands of applications... they don't all work together in the sense of they don't all share complete information about the identity threats that are coming toward the applications, that are coming toward the infrastructure, and they're not good at sharing real-time risk signals and taking actions as those threats emerge," McKinnon highlights about the category.

If the industry worked to integrate more of its applications and interfaces, McKinnon states this can "make the whole industry more secure."

It's been over a year since Okta's own customers, Las Vegas casino operators Caesars Entertainment (CZR) and MGM Resort(MGM), were the targets of a major cyber breach.

"Every month we block over 3 billion cyber attacks from very, very basic credential-stuffing attacks where a bad threat actor tries to steal your password and reuse it on multiple sites," McKinnon tells Yahoo Finance. "What we're trying to do is help companies understand how they can use our technologies in order to be more secure, but also how we ourselves are becoming more secure and hardening our own corporate infrastructure and working with our customers to champion best practice."

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This post was written by Luke Carberry Mogan.