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

Why investors shouldn’t cash out on Corning’s monster rally just yet
Technology

Why investors shouldn’t cash out on Corning’s monster rally just yet

Corning stock may be skyrocketing on Tuesday, but Jim Cramer has a clear message for investors tempted to take profits: The rally isn’t over yet. Shares surged more than 16% after CNBC reported that Corning inked a new partnership with fellow Club holding Meta Platforms . The Facebook parent said it will pay Corning up […]

Read More
Space firm Redwire stock rockets 28% after joining 1 billion contract for Trump’s ‘Golden Dome’
Technology

Space firm Redwire stock rockets 28% after joining $151 billion contract for Trump’s ‘Golden Dome’

Pete Cannito, Redwire Corporation at the New York Stock Exchange, September 8, 2021. Source: NYSE Some projections estimate the project could cost more than $500 billion over two decades. During his second term in office, Trump has focused on rebuilding and modernizing the U.S. military and defense manufacturing. This month, the president called for a […]

Read More
TikTok agrees to settle as social media addiction trial involving Meta, YouTube moves forward
Technology

TikTok agrees to settle as social media addiction trial involving Meta, YouTube moves forward

Thomas Fuller | Lightrocket | Getty Images TikTok has agreed to settle with a plaintiff and will no longer be part of a high-profile social media trial kicking off on Tuesday. An attorney for the plaintiff said the trial, held in Los Angeles Superior Court, will proceed as scheduled against Meta and Alphabet’s YouTube. The […]

Read More