SUNNYVALE, Calif., June 14, 2022 (GLOBE NEWSWIRE) — Proofpoint, Inc., a leading cybersecurity and compliance company, today announced a product integration between its CASB solution and Okta, giving customers the ability to detect and remediate suspicious logins for all 7,000+ cloud applications federated through the Okta Identity Cloud. With this announcement, Proofpoint CASB now supports the detection and remediation of suspicious logins in cloud applications federated by three popular identity providers: Microsoft Active Directory, Okta, and Google, covering the majority of today’s enterprise applications. In November 2021, Gartner® recognized Okta as a Leader in the Magic Quadrant™ for Access Management with the highest “Ability to Execute” of all vendors evaluated.1
Fueled in part by the ongoing pandemic, cloud account takeover is surging, costing companies millions in resources and lost revenue. According to research from Ponemon Institute, companies lose an average of $6.2 million annually from compromised cloud accounts—or about 3.5% of their total revenues. Survey respondents also reported 64 cloud account compromises per year on average, with 30% exposing sensitive data. And things appear to be getting worse, with 50 percent of respondents saying the volume or frequency of cloud account compromises has increased over the course of 12 months.
“Proofpoint is proud to have the first CASB that protects users from account takeovers in Microsoft, Google, and now Okta-federated cloud applications,” said Tim Choi, vice president of product marketing, Proofpoint. “Because our cloud security solutions integrate out of the box, it greatly accelerates our customers’ cloud security journey by empowering their teams to automatically remediate account takeovers instead of wasting valuable resources on manual response efforts. With Proofpoint and Okta, organizations can reduce the chances that their users are compromised, and respond faster when something goes wrong, so security teams can stay ahead of the next attack.”
“As the leading independent and neutral identity solution, Okta’s vision is to enable everyone to safely use any technology,” said Maureen Little, vice president, Technology Partnerships at Okta. “Adding the Proofpoint CASB to the Okta Integration Network helps move more organizations toward that vision, enabling joint customers to protect their end users from sophisticated account takeover attempts when they log into the 7,000+ Okta-federated cloud applications. We look forward to working with Proofpoint to keep more organizations secure as they adopt the best technology for their businesses.”
To learn more about Proofpoint CASB solutions, please visit: https://www.proofpoint.com/us/products/cloud-security/cloud-app-security-broker.
To learn more about the Proofpoint and Okta partnership, visit: https://www.proofpoint.com/us/partners/okta
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Gartner, Magic Quadrant for Access Management, Henrique Teixeira, Abhyuday Data, Michael Kelley,1st November 2021
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About Proofpoint, Inc.
Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including 75 percent of the Fortune 100, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.
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1 (Gartner | Henrique Teixeira, Abhyuday Data, Michael Kelley | 11/01/21).