Yubico and Okta Survey Finds 43% of Security Pros Still Use Passwords at Work

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.

Socure has launched U.S. mobile driver's license verification within DocV, its identity verification product, allowing organizations to cryptographically verify mDLs against the issuing state authority when presented from Google Wallet and Samsung Wallet during remote onboarding and step-up flows. The launch follows a September 8, 2026 joint FAQ from FinCEN, the Federal Reserve Board, the FDIC, the OCC and the NCUA confirming that an unexpired, government-issued verifiable digital credential can qualify as documentary evidence under the Customer Identification Program Rule, provided the institution has the technology to extract the required information and still forms a reasonable belief of the customer's true identity. ABI Research projects the U.S. mDL install base will grow from 21.7 million in 2025 to 143 million by 2030, with 40 states issuing digital licenses; today 21 states issue mDLs conforming to the ISO/IEC 18013-5 standard, more than 8 million credentials are active, and roughly 45% of Americans live where one is available. Socure said mDL verification complements its physical document capture rather than replacing it, and that its DocV now supports remote presentation under Part 7 of the ISO standard from Google Wallet and Samsung Wallet, addressing the higher-risk remote verifications that have been supported unevenly across wallets. The announcement comes alongside an extension of Socure's partnership with Xcelerate Solutions to support public sector use cases under the Login.gov Next Generation Identity Proofing Blanket Purchase Agreement, operating within Socure's FedRAMP Moderate environment.