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.



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