Software firm Oktas shares slump on cyber breach
Summary
REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Oct 20 (Reuters) - Okta (OKTA.O) on Friday disclosed a breach of its customer support system that allowed some hackers to view files uploaded by certain clients, pushing the software companys shares down about 12%. "Okta security has identified adversarial activity that leveraged access to a stolen credential to access Oktas support case management system," Chief Security Officer David Bradbury said in a blog. He did not specify the customers affected or the nature of the data that was compromised. The company said its support case management system was different from production Okta service, which was fully operational and was not impacted. The San Francisco-based company provides identity services, such as single sign-on and multi-factor authentication that are used for logging in to online applications and websites, to a customers including Microsoft-backed OpenAI.