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

Judge finalizes remedies in Google antitrust case
Technology

Judge finalizes remedies in Google antitrust case

The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. Andrew Kelly | Reuters A U.S. judge on Friday finalized his decision for the consequences Google will face for its search monopoly ruling, adding new details to the decided remedies. Last year, Google was […]

Read More
Rubrik stock rips 22% higher after blowing out earnings and boosting guidance
Technology

Rubrik stock rips 22% higher after blowing out earnings and boosting guidance

Rubrik shares soared 22% on Friday after the data management company posted blowout fiscal third-quarter numbers and boosted guidance. The stock, which debuted on the market in April 2024, had its second-best day on record. Revenue jumped 48% from a year earlier to $350 million, topping the $320 million average analyst estimate, according to LSEG. […]

Read More
Amazon had a very big week that could shape where its stagnant stock goes next
Technology

Amazon had a very big week that could shape where its stagnant stock goes next

Amazon made plenty of news this week — from advances in the cloud business to questions about its partnership with the U.S. Postal Service — leaving investors with a lot to digest. The flurry of headlines comes at the end of a challenging year. The e-commerce and cloud giant’s stock is up 4.6%, compared to […]

Read More