Okta shares continued their fall Monday after the company said client files had been accessed by an unknown hacker, the latest attempt involving the company.
Okta shares continued to slump on Monday, closing down more than 8% after the company disclosed that an unidentified hacking group had accessed client files through a support system.
More than $2 billion in market cap has been wiped out since the company acknowledged the hack on Friday. Okta makes identity-management solutions and is a high-profile target for hackers, which have penetrated Okta's customers in a spate of material hacks.The Okta Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Sunday, Feb. 28, 2021.has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems on Friday.
The direct and indirect losses from those incidents total over $100 million. Both those attacks targeted MGM and Caesar's, using a sophisticated social engineering attack that went through IT help desks. Three other companies were also targeted by the hacking group, an Okta executive Okta has also been a target before. A hacking group purportedly accessed a number of Okta systems in a March attempt. That group, Lapsus$, has been tied to hacking attacks at
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