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Okta stocks fall after corporate says shopper information had been accessed by means of hackers by means of its enhance device

Okta stocks fall after corporate says shopper information had been accessed by means of hackers by means of its enhance device
October 20, 2023



Cybersecurity company Okta mentioned an unidentified hacker had accessed the corporate’s enhance device and considered shopper information.Stocks fell 9% at the information.The breach didn’t affect Okta’s product choices, in step with the corporate, which might be utilized by one of the vital greatest firms on the planet.The Okta emblem on a smartphone.Tiffany Hagler-Geard | Bloomberg | Getty ImagesShares of cybersecurity company Okta fell about 9% after the corporate mentioned an unidentified hacking staff had accessed information that “positive Okta shoppers” had uploaded to Okta’s enhance device.Okta mentioned the hackers had been ready to get right of entry to the device the usage of a stolen credential. Okta’s buyer choices, together with its manufacturing provider, weren’t impacted and are totally operational, the corporate mentioned.One of the crucial greatest corporations on the planet use Okta to streamline their login and identification control methods, together with FedEx and Zoom, in step with the corporate.That makes Okta a high-value goal for risk actors, who in a worst-case situation may just hypothetically achieve get right of entry to to dozens of alternative corporations if a hit in breaching Okta’s defenses. The breach disclosed Friday does no longer affect shopper methods, only a enhance platform Okta makes use of to lend a hand its shoppers diagnose problems.”We have now notified impacted shoppers and brought measures to give protection to all our shoppers,” the corporate mentioned.

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Author: OpenAI

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