Okta's Support System Hacked, Access Tokens Stolen

Okta's shares fell over 8% as the company revealed that an unidentified hacker group breached client files via a support system, causing the stock to slump on Monday.

More than $2 billion in market cap has been wiped out since the company acknowledged the hack Friday.

Okta's stock tumbled over 11% on Friday following the revelation that an unknown hacking group had successfully breached the company's support system and accessed client files.

1Password has fallen victim to Okta's customer support breach, marking the second known casualty of a series of cyberattacks targeting valuable Okta accounts.

Okta spokesperson Vitor De Souza stated that the breach had minimal impact, affecting approximately 1% of the customer base.

Security firm BeyondTrust, an Okta user, reported a potential breach to Okta on October 2. They identified an attacker's attempt to access an Okta administrator account using a stolen session cookie.

Okta faced previous hacking attempts, including one in March linked to the Lapsus$ group. This group has also targeted Uber and Rockstar Games, as reported by the Cybersecurity and Infrastructure Security Agency.