Okta Cybersecurity Portfolio Review

Okta is a top provider of identity management solutions in the cybersecurity market. 

Okta, founded in 2009, employs over 3,800 professionals around the world and serves more than 13,000 clients from 70 different countries.

The company reported revenue of $835 million in FY21, a 43% year-over-year increase. 

See below to learn about Okta and where it stands in the overall cybersecurity market:

Okta Cybersecurity Portfolio

Single sign-on

The SSO identity authentication tool allows users to access multiple platforms, applications, and services using a single login procedure.

• Includes over 7,000 pre-built integrations
• Provides centralized control and monitoring
• Compatible with various security policies
• Enables real-time auditing and compliance assurance

Universal directory

A registry that allows users to keep and access an unlimited number of users and attributes from various platforms, applications, and systems.

• A single-view feature that automatically combines all user identities
• Streamlined password management
• Cloud and on-premises compatibility
• Custom security policies for different user groups

Advanced server access

The ASA application manages multi-cloud and hybrid infrastructures and user access to Microsoft Windows and Linux servers.

• Centralized access to the cloud with SSO
• DevOps integration to streamline automation and minimize technical difficulties
• Consistent audit logs for meeting compliance requirements
• SSH and RDP protocols security

API access management

The application allows customers to use Okta’s security services to protect their APIs with reliable identity authentication and SSO.

• Modern protection against API breaches
• Centralized control and management center
• OAuth-as-a-Service compatibility

Authentication

The authentication-as-a-service offering ensures a more streamlined and reliable identity verification process for system users.

• Multi-factor authentication compatibility
• Passwordless authentication
• System monitoring with real-time Syslog and pre-built reporting
• Threat interception with Okta Integration Network

User management

A centralized platform to collect, store, and manage user profiles to customize their experience accordingly.

• Scalable and cloud-based
• Self-registration and profiling features
• Flexible data importing and exporting capabilities for migration

B2B integration

Okta offers specialized integration solutions for working with B2B clients, partners, and vendors for seamless and continuous connection and communication.

• Unified view and security per client and vendor
• Built-in user life cycle tracking and reporting tools
• Task delegation to customers, assigned admins, and end users

Multi-factor authentication

The MFA offerings help secure employee and customer accounts from credential theft and fraud.

• Proactive security with automated IP address blocking
• Varying levels of identity authentication depending on risk levels
• User self-service with MFA resetting
• Complying with varying levels of security regulations

Life cycle management

A cloud-based identity life cycle automation solution. It aims to increase IT processes efficiency and streamline platform and application access.

• No-code platform customization
• Streamlined security audits
• Automated and secure deprovisioning

Access gateway

A cybersecurity solution for accessing on-premises applications and systems.

• Centralized access management
• Securing on-premises apps with MFA and SSO
• Reduced infrastructure needs
• Identity attacks prevention with Okta intelligent security

See more: Key Cybersecurity Trends 2021

Okta partner programs

Okta Partner Connect is how Okta helps third-party organizations better serve their clients. 

The partnership ecosystem consists of five main types of business partners:

• Distributor
• Managed service provider (MSP)
• Global systems integrator
• Technology partner
• Solution providers

Okta use case

Okta helped FedEx optimize their cybersecurity strategy. 

Due to the nature of FedEx’s business, handling millions of people’s shipments on a daily basis, security is of utmost importance.

“It was a whack-a-mole game, from a security perspective,” says Pat O’ Neil, a cybersecurity fellow at FedEx. 

“Each one of those separate IAM solutions was an opportunity to get the configuration wrong.”

With the help of Okta’s experts, the FedEx cybersecurity team reviewed the company’s identity and access management (IAM) infrastructure and was able to simplify the sign-in process and convert it to a zero-trust security model.

User reviews of Okta

Okta Identity Cloud has positive reviews from multiple third-party user review websites. 

TrustRadius: 8.9 out of 10

Gartner Peer Insights: 4.6 out of 5

Capterra: 4.7 out of 5

It was also awarded both Top Rated and True awards in 2021 by TrustRadius.

Overall, many users praise Okta cybersecurity products for their ease of use and ingenuity. 

Some users mention a couple cons as the occasional delay in critical notifications and difficulty accessing an account through a different device.

Industry recognition

Okta Cloud Identity is recognized as an market leader by G2 in their 2021 “Grid Report for Single Sing-on.”

Additionally, Okta ranks in the top three in Gartner’s 2020 “Magic Quadrant for Access Management.”

Okta in the market

Okta’s share of the access management market has climbed to an estimated 27%. 

Subsequently, the company expects their 2022 revenue to reach about $1.08 billion, a 29% year-over-year increase.

See more: Best Threat Intelligence Platforms for 2021