Okta investigates a data breach that potentially can affect more than 15 000 customers. Discovery Company. Okta files a $100 million IPO with a promise of a tight security system. Great post! Okta confirmed access to one of the engineer's laptops but declined the compromise of the service itself. In an updated statement on Wednesday, Okta's chief security officer David Bradbury. But, Bradbury said Tuesday that the Okta service itself hadnt been breached, and the hackers had instead accessed an engineers laptop who was providing technical support to Okta. The recent security breach of a third-party supplier to Okta Inc. has been widely reported.The criticisms of Okta's response have been harsh and the impact on Okta's value has been obvious . Its frustrating to see Okta try to sweep this incident underneath the rug, especially when they deserve every bit of criticism for it. We need to stay alert, especially given that the world will only advance further in the years to come. In Okta's case, the Lapsus$ hackers were lurking in Sitel's network for five days, from Jan. 16 to Jan. 21, until the group was detected and removed from its network, according to 9to5Mac. One thing which piqued my interest was that Okta kind of ignored when they got to know of the attack for a while until Lapsus sent it in their telegram channel. Okta breach: Hundreds of clients could be affected, company concedes. Oktas breach illustrates that even the average individual may be harmed. There is no impact to Auth0 customers, and there is [] Both Microsoft and Roblox have experienced the same targeted compromises of customer support agents' accounts that led to access of their private internal systems. The scope of the breach is still unclear, but it could have major consequences because thousands of companies rely on San Francisco-based Okta to manage access to their networks and applications. The security firm confirmed the hack after the suspected group behind it, Lapsus$, posted screenshots of Okta's apps and systems on Mar. Its also extremely fascinating how many people are picking up on these skills and how easily they can conceal their identities. Sign up for our free newsletter for the Latest coverage! It says it has more than 15,000 clients - from big companies, including FedEx, to smaller organisations, such as Thanet District Council, in Kent. Canada and US begin CLOUD Act negotiations, https://www.bbc.com/news/technology-60849687, https://techcrunch.com/2022/03/28/lapsus-passwords-okta-breach/, https://thehackernews.com/2022/03/new-report-on-okta-hack-reveals-entire.html, https://www.wired.com/story/lapsus-okta-hack-sitel-leak/, https://www.reuters.com/technology/authentication-services-firm-okta-says-it-is-investigating-report-breach-2022-03-22/. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Okta Inc ( OKTA.O ), whose authentication services are used to grant access to networks by firms such as FedEx Corp ( FDX.N) and Moody's Corp ( MCO.N ), and more than 15,000 clients, announced on Tuesday that it had been hacked and . The Okta Inc. website on a smartphone arranged in Dobbs Ferry, New York, U.S., on Sunday, Feb. 28, 2021. Click Manage settings for more information and to manage your choices. This story appeals to me because it illustrates how hacks may have a direct impact on individual clients who are ordinary people. Maybe they dont want to give the groups attention, or maybe theyve crunched the numbers and decided it works out better not to mention anything. Usually we would expect the tightest security from an authentication company as many clients rely on them for security and its devastating for their image that they got hacked, which shows in their 9% decrease in stocks. Cyber attacks are becoming scarier everyday. Last night, Steam - Valve's online gaming service - announced that its database had been breached. Many of their clients rely on this trust, which was misplaced. Perhaps they should be signing the ethics waiver we had to sign. I was surprised to learn that the group is based in South America. [W]e have concluded that a small percentage of customers approximately 2.5% have potentially been impacted and whose data may have been viewed or acted upon, Okta chief security officer David Bradbury said in a statement. The potential impact to Okta customers is limited to the access that support engineers have, Bradbury said. Okta has built a secure, reliable infrastructure in the cloud founded on Zero Trust principles that significantly reduces the risk to the Okta service caused by events like this. A January cybersecurity incident at popular identity authentication provider Okta may have affected hundreds of the firm's . Lapsus$ hackers utilize the same old method to get around MFA. April 19, 2022. Okta initially said the attack, in January, involved a third-party contractor, a "sub-processor", and "the matter was investigated and contained". The breach was initially blamed on an unnamed subprocessor that provides customer support services to Okta. By Raphael Satter WASHINGTON (Reuters) -Okta Inc, whose authentication services are used by companies including Fedex Corp and Moody's Corp to provide access to their networks, said on Tuesday. The security breach was initially blamed on a subprocessor that provides clients support services to Okta. The motives behind the hack are not yet clear, but some researchers say they believe the group is motivated by money. Still, recent investigations showed that the breach impacted over 300 customers of both Twilio and Authy (an . Following a breach of its systems in January, Okta has released a forensic report finding that the threat group Lapsus$ accessed just two active customers via a third-party company. Big companies with many people, and thus many targets for attacking, are prime targets for attackers. Okta released an updated statement on Tuesday night, announcing that 2.5% of the identity and access management firm's customers were impacted by a recent breach caused by extortion group Lapsus$. This attack only impacted 5 security cameras and did not impact any other systems at Okta. Hence, Okta's shares plunged 11% immediately after hackers claimed the breach that has put thousands of Okta customers at risk. 2022 TECHTIMES.com All rights reserved. This is a very good post. Thank you all for your time and consideration. In a comprehensive FAQ written on March 25, the San Francisco-based firm admitted that it made a mistake in failing to warn its consumers about the January hack. 17, the report was submitted to Okta. The views, information, or opinions expressed on this site are solely those of the individual(s) involved and do not necessarily represent the position of the University of Calgary as an institution. Okta has looked to play down fears that it was affected by a major data breach earlier this year. Why is Okta. Okta says the LAPSUS$ hacking group that's released data stolen from Microsoft, Samsung, and other companies only had access to its network for 25 minutes during a January data breach. "We are sharing this interim update, consistent with our values of customer success, integrity, and transparency. A week later, on Mar. Its interesting to me how consistently vulnerable major companies are to these kinds of attacks, and how poorly they always seem to respond. You can change your choices at any time by visiting your privacy controls. Okta (OKTA -8.6%) shares have plunged after the digital identity authentication firm confirmed on Tuesday a security breach caused by a hacking group known as Lapsus$. Its been nearly 24 hours since Okta publicly acknowledged the apparent hack after a mysterious hacking group known as Lapsus$ published screenshots claiming access to an Okta internal administrative account and the firms Slack channel. The identity management giant has revealed the final findings of its investigation into an. Okta markets itself as "The World's #1 Identity Platform," but today the company is investigating a digital breach that could impact thousands of companies. Like you said, its almost becoming a liability to keep information on company networks, which is what the networks were originally supposed to be built for. Most stock quote data provided by BATS. I wonder how hackers feel about doing things like this and possibly costing many people their jobs? Digital Privacy Statement | Most people in a company do not understand issues regarding cybersecurity, thus security issues are not just put off, but not acknowledged in the first place. A Massive Hacking Campaign Stole 10,000 Login Credentials From 130 Different Organizations A phishing campaign targeted Okta users at multiple companies, successfully swiping passwords from . Businesses like Peloton, T-Mobile, and FCC are on high alert due to the breach that possibly caused by Lapsus$ group. We all grew up watching it evolve before our eyes from the very first iPhone to the advanced computers we now have in our back pockets. Both Microsoft and Okta have admitted that their systems were indeed infiltrated by the Lapsus$ hacking group, but both companies also said that the cyberattack's impact was limited. With the prevalence of hacking attacks. Do not reproduce without permission. Okta admitted that 366 companies, or 2.5% of its client base, were affected by the security breach that allowed hackers to access the company's . All rights reserved. If preventing breaches costs more than a breach itself, their incentive to properly encrypt consumer data vanishes. Several tech companies have experienced data breaches from LAPSUS$, including some large-name technology brands: Privacy Policy | Market holidays and trading hours provided by Copp Clark Limited. Considering Okta specializes in authentication, who knows how bad this breach has been. Okta, the authentication giant that provides identity services to more than 15,000 companies, suffered a data breach in January, Okta CEO Todd McKinnon confirmed Tuesday. Following a breach of its systems in January, Okta has released a forensic report finding that the threat group Lapsus$ accessed just two active customers via a third-party company. In a blog post, Microsoft said Lapsus$ had gained only limited access, after compromising a single account, but no customer code or data was involved. We are living in an opportunistic world, to say the least. The company told Reuters that hackers have already gone as far as posting screenshots of parts of Okta's . Your effort and contribution in providing this feedback is much In an updated statement on Mar. "The full extent of the cyber-gang's resources should reveal itself in the coming days," he added. Even though there is a lot of awareness about cyber crimes out there companies do not tend to make an effort to increase their security system. When a system like OKTAs which authenticates so many systems, is compromised, it can be very problematic for businesses and can have negative implications on the overall economy as well. Okta said the "worst case" was 366 of its clients had been affected and their "data may have been viewed or acted upon" - its shares fell 9% on the news. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Cloudflare, one of Oktas clients, stated in a blog post that it did not believe it had been hacked. 2022 Tech Times LLC. 2022 BBC. The scope of the breach is still unclear, but it could have major consequences because thousands of companies rely on San Francisco-based Okta to manage access to their networks and applications . He added that, support engineers are also able to facilitate the resetting of passwords and multi-factor authentication factors for users, but are unable to obtain those passwords.. This highlights the importance of taking an active role in increasing cyber-security measures and shows that in scenarios regarding cyber security (in this case the information security of 15,00 clients), one cannot simply be negligent.
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