Okta for Good Fund to hit US$50 million mark over 5 years

Okta this week announced a new US$50 million, five-year commitment by the Okta for Good Fund to address what it described as “the world’s most pressing challenges.” The company said it is “doubling down on its corporate responsibility and investing in organizations to fight cybersecurity threats.”

Highlights from the funding initiative, it said, include:

  • US$20 million for Tech for Good to accelerate digital transformation and cybersecurity for the social sector and strengthen the cybersecurity posture of civil society organizations. According to the firm, nonprofits are the second most attacked vector, behind only governments, when it comes to cyber threats, with 65 per cent of NGOs lacking confidence in their own security posture.
  • US$15 million for Digital Equity to close the digital divide and make cyber and tech jobs more accessible to all while expanding the field of qualified cyber talent and creating access to more economic opportunities to help bridge this gap.
  • US$10 million for Climate Action to support security and resilience for communities most impacted by climate change while helping vulnerable communities best prepare and respond to climate threats.
  • US$5 million for Employee Giving & Response Grants to grow more engaged citizens across Okta’s employee base and ecosystem.

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