Okta cyberattack may have affected hundreds of clients; Oxyzo raises $200 mln; Kiran Mazumdar-Shaw elected to RSE

A cyberattack in January on Okta, a company that provides network access to its customers, may have been more severe than it originally thought, BBC reports. Oxyzo Financial Services, a tech-enabled smart financing solution provider, has raised $200 million in Series A funding. Plus, Kiran Mazumdar Shaw has been named to Scotland’s Royal Society of Edinburgh. A cyberattack in January on Okta, a company that provides network access to its customers, may have been more severe than it originally thought, BBC reports. Hundreds of organisations that rely on Okta to provide access to their networks may have been affected by the cyberattack by the gang called Lapsus$. Okta said the "worst-case" was 366 of its clients had been affected and their "data may have been viewed or acted upon." Its shares fell 9 percent on the news. Okta has more than 15,000 clients. Okta had initially said the attack involved a third-party contractor, a "sub-processor", and "the matter was investigated and contained”. Oxyzo Financial Services, a tech-enabled smart financing solution provider, has raised $200 million in Series A funding from investors including Alpha Wave and Matrix Partners India, Tiger Global, Norwest Venture Partners and Creation Investments. It has grown to an AuM of $350 million with 100 percent Y-o-Y growth while maintaining its GNPA at 1.2 percent, even through the Covid-19 period. Icertis, a cloud software provider for contract lifecycle management, has released an AI Studio, a self-serve, self-learning cognitive tool. AI Studio utilises artificial intelligence models to analyse large sets of documents and generate contract intelligence for real-time insights and decision making. AI Studio’s availability coincides with the latest release of the company’s ICI platform. The traditional PC market (Desktops, Notebooks, and Workstations) in the Asia/Pacific (including Japan and China) region posted a 15.9 percent year-over-year increase in 2021, reaching 120.3 million units, according to the International Data Corporation’s Quarterly Personal Computing Devices Tracker, Q4 2021. PC shipments are expected to remain robust in 2022—following a strong 2021 that experienced better supply and solid demand for PCs, IDC said in a press release. Capco, a global management and technology consultancy, has announced it is undertaking a major recruitment drive in India to meet the rising demand for its services from locally-based global financial services institutions, the Wipro company said in a press release. As these clients continue to focus on optimising customer experiences, operating models and internal automation, Capco is looking to fill over 500 roles in the coming months in a broad range of specialist areas across consulting, data, digital and technology. The roles are variously based in Bangalore, Pune, Mumbai, Gurgaon, Hyderabad, and Chennai. Kiran Mazumdar-Shaw, Executive Chairperson of Biocon and Biocon Biologics, has been elected as the Fellow of the Royal Society of Edinburgh, Scotland’s National Academy established in 1783, for the advancement of learning and useful knowledge, the company said in a press release. Kiran will be joining RSE’s current Fellowship of around 1,700 Fellows who are recognised for their accomplishments in physical and life sciences, arts, humanities, social sciences, education, professions, industry, business and public life. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds