The AI Identity Risk Your Board Can't See | Okta SVP & GM Dan Mountstephen

The AI Risk Your Board Can't See: Identity, Fraud and AI Agents

An employee left last week. Badge back in 10 minutes.

Their API keys, cloud access, and AI agents? Still running. Still authenticated. Owned by nobody.

For every human in your system, there are 82 machine identities. Almost none have a named owner. Most boards don't know that number exists.

In February 2026, FIIG Securities copped a $2.5 million civil penalty for cyber failures. First case under AFSL. A third action against Fortnum Private Wealth is already in motion.

The ASD now mandates named risk questions at every committee meeting. Personal liability for directors isn't a future scenario. It's already arrived.

Dan Mountstephen covers identity security for Okta across 25,000 customers. In this episode, we walk through exactly how leading organisations are getting on top of this. The model is simpler than most boards expect.

Listen now.