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OKTA CEO reveals how company can stay 'robust' amid outages
Youtube· 2025-10-21 06:45
Core Insights - Amazon Web Services (AWS) experienced a significant outage affecting numerous companies, including Coinbase, Disney Plus, and T-Mobile, with issues starting around 3:00 a.m. Eastern time and being mostly resolved by 6:30 a.m. Eastern time [1][2] - The outage highlighted the vulnerabilities in cloud infrastructure and the importance of redundancy in systems to maintain service reliability [3][4] AWS Outage Impact - The outage led to disruptions in core functions for many businesses, particularly for crypto trading platform Coinbase, which reported that customers were unable to use essential features like trading and transfers [1][2] - Despite the outage, Amazon's stock saw a slight recovery, increasing by about 1% after initially being down pre-market [2] Importance of Redundancy - Companies partnering with AWS, such as Octa, emphasize the necessity of building redundant systems to ensure operational continuity during outages [3][4] - The investment in redundancy is framed as a long-term necessity, outweighing the immediate costs associated with outages [5] Cybersecurity and Identity Management - Cybersecurity spending is at an all-time high, with the industry collectively investing $200 billion annually, yet breaches and ransomware attacks continue to rise [16] - The focus on identity security is deemed crucial for enhancing overall system security, especially as companies integrate AI agents into their operations [17][21] Government Technology Challenges - The ongoing government shutdown poses challenges for securing critical identity technologies, with a need for significant investment in technology upgrades [23] - The importance of identity management in government systems is highlighted as a foundational element for future technological advancements [23]
Verizon offers flexible payment arrangements for Federal workers, military, first responders
Globenewswire· 2025-10-14 13:00
Core Points - Verizon is offering payment deferral options for U.S. Military, Coast Guard, federal employees, and first responders affected by the government shutdown [1][2] - The company emphasizes its commitment to supporting customers during financial difficulties caused by the shutdown [2] - Verizon generated revenues of $134.8 billion in 2024, serving millions of customers and nearly all Fortune 500 companies [3] Group 1 - Affected members of the U.S. Military, Coast Guard, and federal employees can call Verizon for payment deferral options [1] - Verizon's CEO, Dan Schulman, stated the company is dedicated to keeping federal employees connected during the shutdown [2] - Customers need to provide verification of their federal or military employment to receive assistance [2] Group 2 - Verizon is headquartered in New York City and serves countries worldwide [3] - The company focuses on delivering mobility, reliable network connectivity, and security to its customers [3] - Verizon continues to innovate to meet current customer needs and prepare for future demands [3]