Okta shares fall just after firm suggests shopper data files have been accessed by hackers by using its support system

Okta shares fall just after firm suggests shopper data files have been accessed by hackers by using its support system


The Okta brand on a smartphone.

Tiffany Hagler-Geard | Bloomberg | Getty Photographs

Shares of cybersecurity agency Okta fell almost 11% just after the corporation claimed that an unidentified hacking group had accessed documents which “specified Okta shoppers” had uploaded to Okta’s support technique.

The business stated that the hackers were ready to entry the method via a stolen credential. Okta’s client offerings, which includes its output company, have been not impacted and are thoroughly operational, the firm claimed.

Some of the major businesses in the earth use Okta to streamline their login and identification administration units, such as Fedex and Zoom, according to the company.

That makes Okta a substantial-worth target for threat actors, who in a worst-case-circumstance could hypothetically acquire accessibility to dozens of other businesses if prosperous in breaching Okta’s defenses. The breach disclosed Friday does not affect consumer devices, just a assist platform Okta uses to support its clients diagnose concerns.

Okta did not right away respond to a ask for for remark.



Resource

Dust to data centers: The year AI tech giants, and billions in debt, began remaking the American landscape
Technology

Dust to data centers: The year AI tech giants, and billions in debt, began remaking the American landscape

The Stargate AI data center in Abilene, Texas, US, on Wednesday, Sept. 24, 2025. Kyle Grillot | Bloomberg | Getty Images West Texas dust, iron-tinged and orange-red, rides the wind and sticks like a film to everything you touch. It clings to skin and the inside of your mouth, a fine grit that turns every […]

Read More
How 0 million worth of export-controlled Nvidia chips were allegedly smuggled into China
Technology

How $160 million worth of export-controlled Nvidia chips were allegedly smuggled into China

On Dec. 8, Federal prosecutors in Texas unsealed documents that revealed an investigation into a massive smuggling network that stretched across the U.S. and the world. Dubbed “Operation Gatekeeper” by the feds, the investigation wasn’t focused on drug smuggling or stolen goods but rather an alleged secret, underground network of suppliers for Nvidia‘s graphic processing […]

Read More
5 themes that defined business and markets in 2025: Morning Squawk
Technology

5 themes that defined business and markets in 2025: Morning Squawk

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday and New Year’s Eve. I’ve decided that there are three main groups of holiday observers this year: Those going to parties or watching the Times Square ball drop at home; those doing late-night workout classes or races; and those going […]

Read More