Trust Stamp Expands ID Dataweb Partnership Across Enterprise Customers

Okta Inc. unveiled additional AI-agent security capabilities at Oktane 2026, building on its Agent SSO product that became generally available in August, as the company positions itself as a critical identity control layer for enterprise AI agents. The company delivered 10.60% year-over-year topline growth in the second quarter of fiscal 2027, bringing trailing twelve-month revenue to $3.07 billion, with $987 million in trailing operating cash flow and approximately $961 million in trailing twelve-month free cash flow. Okta shares have returned 144.58% year-to-date and were trading at $211.49 at the close on October 2, extending 52-week gains to 125.69%, against a 14.58% rise for the broader S&P 500 over the same period. The stock carries a market capitalization of $35.90 billion and a trailing P/E of 123.71x, while its roughly 54x forward multiple reflects adjusted earnings expectations rather than the GAAP basis of the trailing figure. Institutional interest has grown, with 58 hedge funds holding positions as of second-quarter 2026 13F filings, up from 49 at the end of the first quarter, and BlackRock the largest institutional investor at 18.7 million shares, or 11.19% of outstanding shares.

A new survey from Yubico and Okta found that 43% of cybersecurity and IT professionals still rely on passwords at work even though most know passkeys are more secure. The annual 2026 Global State of Authentication report, conducted by Talker Research, surveyed nearly 2,000 cybersecurity and IT professionals across nine countries, and found that 52% inherited passwords on their first day, establishing legacy onboarding defaults that dictate long-term security habits. The survey also found that 44% suffered an AI-driven attack in the last 12 months, with Singapore experiencing the highest rate globally at 58%, compared with Japan at 30% and Germany at 38%, while 39% of security professionals failed to distinguish AI-generated text from human writing. India at 68%, Australia at 60%, and the U.S. at 56% showed the highest proportion of workers very familiar with passkeys, yet 50% of U.S. security pros still use passwords at work, leading all surveyed markets in legacy password dependency. Yubico and Okta said they are partnering to streamline how enterprise identity systems issue, manage, and enforce hardware-backed credentials, embedding phishing resistance into modern access management platforms to help IT teams eliminate password dependencies without adding operational friction.