companies affected by okta breach

Good Post! Investigation Finds Only Two Clients Affected in Okta Security Breach. This will minimize the damage. 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. Even when Okta received the Mandiant report in March explicitly detailing the attack, they continued to ignore the obvious signs that their environment was breached until LAPSUS$ shined a spotlight on their inaction, Demirkapi wrote in a tweet thread. Market holidays and trading hours provided by Copp Clark Limited. Ive lost count of how many blog posts and articles Ive read about big companies getting breached. Great post! Will home prices drop? June 29, 2021. 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. Clearly, these groups are on the rise and would make an interesting plot for the WatchDogs franchise. Copyright 2019. on Companies are affected after the Okta breach. 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. French parliament stopped over 'racist' remark, Mining giant ordered to pay 275m over oil bribes, Dutch wolves to be paintballed to scare them away, Donald Trump sues top NY lawyer for 'intimidation', Black Panther stars arrive at European premiere, Lapid congratulates Netanyahu on Israel election win. But in collaboration with external cyber-security experts, it would "continue to investigate and assess potential security risks to both our infrastructure and to the brands we support around the globe". In response, Okta's CISO, David Bradbury, claimed that those pictures corresponded to a breach, which took place between Jan. 16 and Jan. 22, at which point the compromised account was suspended. Lapsus$ said, in online posts, it had not stolen "any databases from Okta" and was focused only on its customers. The breach was initially blamed on an unnamed subprocessor that provides customer support services to Okta. Former Yahoo Engineer Accused Of Hacking Thousands Of Accounts To Steal Nudes Pleads Guilty, Okta faced backlash from the wider security industry. Hence, Okta's shares plunged 11% immediately after hackers claimed the breach that has put thousands of Okta customers at risk. Third-party data breaches are becoming increasingly common as technology makes it easier for . US midterms: Will Gen Z vote? Okta concludes investigation into alleged LAPSUS$ security breach Nvidia confirms data breach as hackers make additional demands Ransomware: Why only the bravest businesses will survive After. 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. The engineer in question was from a third party company, Sitel, which provides Okta with . Find out more about how we use your information in our privacy policy and cookie policy. With the frequency of technology increased its also crazy to think about the attacks have also. Most of these companies are not incapable of providing better security for customer information. The ransomware group "is a South American threat actor that has recently been linked to cyber-attacks on some high-profile targets", according to Ekram Ahmed, of cyber-security company Checkpoint . The cyber-gang is infamous for extortion, threatening the publication of sensitive information if its victims do not comply with their demands. Companies are affected after the Okta breach. One would think, considering the consequences of these types of attacks (and their increasing frequency) that Oktas initial response would have been stronger. The . Britain's National Cyber Security Centre said it had "not seen any evidence of impact in the UK". There is no evidence that our system has been hacked or compromised, FedEx told Reuters. Great post! Its just that from their point of view, their protection will always be adequate in the absence of a hacker attack. Something isn't loading properly. Its so crazy to think about how fast the world has evolved in this sense in the past 10 years even. Most stock quote data provided by BATS. Attention should be paid to potential vulnerabilities when they are found, and their authenticity should be ensured in a timely manner and solutions should be formulated. Should we feel like people in security deserve because they were clearly incompetent to properly protect? The security firm confirmed the hack after the suspected group behind it, Lapsus$, posted screenshots of Okta's apps and systems on Mar. Although the breadth of the breach is unknown, it might have significant ramifications because Okta, located in San Francisco, manages access to hundreds of firms networks and apps. In 2017, Okta files a $100 million IPO with a promise of a tight security system. By Raphael Satter WASHINGTON (Reuters) -Okta Inc, whose authentication services are used by companies including Fedex Corp and Moody's Corp to provide access to their networks, said on Tuesday. Affected customers have been notified and the investigation continues. Okta has over 15,000 customers, according to its website. Okta Inc (OKTA.O), whose authentication services are used to grant access to networks by firms such as FedEx Corp (FDX.N) and Moodys Corp (MCO.N), and more than 15,000 clients, announced on Tuesday that it had been hacked and that some clients may have been affected. Now let us get to the topic, they were hacked and this breach was carried out by the cyber-gang Lapsus$. "In late January 2022 . Cybersecurity researchers investigated a string of hacks against technology companies and have traced an attack on the teen. 23, the company's chief security officer David Bradbury confirmed the subprocessor is a company named Sykes, which was acquired by a contact center giant Sitel in 2021. The three Russian cyber-attacks the West most fears, Anonymous: How hackers are trying to undermine Putin, Imran Khan survives deadly Pakistan rally shooting, UK faces record two-year recession, Bank warns, Aboriginal boy's killing puts spotlight on racism. News of hacker attacks is common, and no enterprise or organization should be overconfident in its security measures. I would assume that there is no shame in admitting that they got hacked since it is starting to become a common occurrence all around the world. The identity management giant has revealed the final findings of its investigation into an. (Okta / Scoop News Group) Written by Suzanne Smalley Mar 24, 2022 | CYBERSCOOP Criticism of the identity authentication company Okta intensified Thursday in the wake of the company's announcement that 366 customer accounts were potentially compromised in a security breach via an attack on a third-party contractor's laptop. 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$. Okta, the authentication giant that provides identity services to more than 15,000 companies, suffered a data breach in January, Okta CEO Todd McKinnon confirmed Tuesday. The recent security breach of a third-party supplier to Okta Inc. has been widely reported.The criticisms of Okta's response have been harsh and the impact on Okta's value has been obvious . Notably, Okta's customers include high-profile enterprises like FedEx Corporation and Moody's Corporation. Bridge that became a death trap for Indian children, Why Ethiopia peace deal is triumph for prime minister. Its always scary when large umbrella-like corporations get breached since a hack in such a company makes every company under them vulnerable as well. It says it has more than 15,000 clients . Okta, an authentication services provider, announced that it has suffered a data breach. Okta publicly acknowledged the apparent hack. All rights reserved. Okta, an identity authentication service with more than 15,000 customers, said Tuesday that an attacker had access to a support engineer's laptop for five days in January. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. The investigators said that they have identified seven unique accounts connected to the hacking group, indicating that there are others involved in the group's operations. In March 2022, Okta received a full security report from Sitel after an investigation, and LUPSUS$ posted the stolen information online only days later, confirming their involvement. Perhaps they should be signing the ethics waiver we had to sign. For example the cyber gang which attacked OKTA used the same old hacking method which involves MFA. 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 . The potential impact to Okta customers is limited to the access that support engineers have, Bradbury said. All rights reserved. He admitted that Okta should have moved faster in understanding the report's implications. Okta said that it just received a short report regarding the issue from Sitel on March 17 after sharing symptoms of the breach with them on January 21. 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. Please check back later. In an updated statement on Wednesday, Okta's chief security officer David Bradbury. Mortgage rates top 7%. Both Sykes and Sitel have wide access to the organizations that they support for facilitating customer requests. Okta says 366 corporate customers, or about 2.5% of its customer base, were impacted by a security breach that allowed hackers to access the company's . Okta said the breach impacted roughly 2.5% of its customers the company has 15,000 customers so that means nearly 400 are impacted. Okta logo is displayed in this illustration taken March 22, 2022. 4. They have been doing a lot of damage to companies all over. The fact that a group this young is capable of performing attacks on such large scale organizations shows just how prevalent hacking has become! 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. Its interesting to me how consistently vulnerable major companies are to these kinds of attacks, and how poorly they always seem to respond. In 2017, Okta said that the U.S. Department of Justice was a customer. I think mistakes are normal and these companies should disclose this information. Okta confirmed access to one of the engineer's laptops but declined the compromise of the service itself. At this point Im not even surprised to see that Lapsus$ is behind yet another big hack. 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$. An interesting read! 2022 Cable News Network. Lapsus$. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. "The full extent of the cyber-gang's resources should reveal itself in the coming days," he added. My takeaway overall is that while computers are obviously amazing, the frequency of breaches makes it almost seem inadvisable to keep much important on them. This story appeals to me because it illustrates how hacks may have a direct impact on individual clients who are ordinary people. Usually these big hacks talk about how the company is suffering, but that there is no issue to the customers, but the hack on Okta shows that even a regular person can be affected. All Rights Reserved. Hacking methods are so common now, and the failure of admitting to their users that they have been attacked is very bad becuase then the users will not be able to trust the company any more because they were not able to protect their information. All it took was one person to overlook something and the result was an armageddon for everyone. Thanet, which uses Okta to make it easier for employees to manage and sign in to different apps, told BBC News that the attack has not affected the councils datas security, but that it will continue to monitor the issue., The National Cyber Security Centre in the United Kingdom claimed it has not observed any indication of effect in the United Kingdom.. About Okta, Inc. Data Breach 2. CNN Business . This post highlights that cyber criminals are not constrained by limitations pertaining to the size and power of their targets. But the service itself . The company initially notified individuals of the data breach, with an estimated 164 individuals affected. If preventing breaches costs more than a breach itself, their incentive to properly encrypt consumer data vanishes. April 19, 2022. At last, here is a video from youtube which summarises it all: [1] https://www.bbc.com/news/technology-60849687, [2] https://techcrunch.com/2022/03/28/lapsus-passwords-okta-breach/, [3] https://thehackernews.com/2022/03/new-report-on-okta-hack-reveals-entire.html, [4] https://www.wired.com/story/lapsus-okta-hack-sitel-leak/, [5] https://www.reuters.com/technology/authentication-services-firm-okta-says-it-is-investigating-report-breach-2022-03-22/. 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. "No customer code or data was involved in the observed activities," Microsoft's Threat Intelligence Center (MSTIC) said, adding . 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. "There are no corrective actions that need to be taken by our customers," Mr Bradbury added. One of Okta's clients, Cloudflare, said, in a blog post, it did not believe it had been compromised. Something definitely needs to change because these big companies are being attacked way too much. Cloudflare, one of Oktas clients, stated in a blog post that it did not believe it had been hacked. 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. The group has previously claimed to have broken into some high-profile companies, including Microsoft. The activity has been condemned 0ktapus by Group-IB because the initial goal of the attacks was to "obtain Okta identity credentials . Okta says 366 customers potentially affected in data breach. Which shows how common cyber attacks have become these days. 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.. I wonder how hackers feel about doing things like this and possibly costing many people their jobs? Their initial response consisted of ignoring signs that their environment was compromised, which led to even further damage (to the companys image especially). The latest update is that Okta and Microsoft have confirmed data breaches. In my opinion companies should be responsible for at least making sure their security system is able to prevent the common attack methods out there. A January cybersecurity incident at popular identity authentication provider Okta may have affected hundreds of the firm's clients, Okta acknowledged late Tuesday amid an . Okta said 366 customers were potentially affected. "We are sharing this interim update, consistent with our values of customer success, integrity, and transparency. Perhaps we need cameras and deterrence techniques for the digital world as we do for the physical. As Reuters reports, hackers from the . Their leader was actually recently ousted as a 16 year old boy from England as large amounts of their group was arrested and they announced they would be going on a break. "We are actively continuing our investigation, including identifying and contacting those customers that may have been impacted. With two high-profile breaches this year, Okta, a leader in identity and access management (IAM), made the kind of headlines that security vendors would rather avoid. Chief security officer David Bradbury revealed the hackers had accessed the computer of a customer-support engineer working for the sub-processor, over a five-day period in mid-January. The San Francisco-based company didn't provide details around how these customers were impacted but said affected customers will receive a report that shows the actions performed on their Okta . In its Friday FAQ, Okta said that, as detailed in its blog, the company has already identified and contacted 366 potentially affected customers. I think out of almost 150 posts I have read a 100 about cyber attacks. It seems to me that too many companies focus on short-term financial gain over long term prospects: the amount of money they lose to ransomware gangs might only constitute a small fraction of total annual revenue. 12:14 AM EDT, Wed March 23, 2022. A January security breach seems to have done far less damage than Okta had initially feared. Okta 'identifying and contacting' customers potentially affected by Lapsus$ breach. The contractor employing the engineer, Sykes, part of the Sitel Group, said it was "confident there is no longer a security risk". 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/. Man it seems like company after company gets caught up in these security breaches. Okta's website on March 23, 2022. Apple is weathering the economic downturn better than fellow tech giants, A guaranteed way to beat inflation temporarily crashed a Treasury website, Ford's beloved little Fiesta is going away, at least for now, Published "After a thorough analysis of these claims, we 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 markets itself as "The World's #1 Identity Platform," but today the company is investigating a digital breach that could impact thousands of companies. The company confirmed that it had been the target of a Lapsus$ hacking attack on March 22, and indicated that as many as 366 clients could have been affected in a . As prices soar, consumers turn to McDonald's, New York Post says 'vile and reprehensible' tweets result of rogue employee, 'I did a bad job': Jim Cramer appears emotional as Meta stock plummets. FedEx told the Reuters news agency it had "no indication that our environment has been accessed or compromised". Method which involves MFA understanding the report 's implications more from Okta & # x27 s! Out by the cyber-gang 's resources should reveal itself in the absence of a tight security system 2.5 % Okta! 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Throughout the semester there have been impacted - CPSC 329/602 W22 < /a >,! This information no enterprise or organization should be overconfident in its security measures backlash from wider! Scary when large umbrella-like corporations get breached since a hack in such a company makes every company under vulnerable! Breach that potentially can affect more than a breach itself, their incentive to protect Been notified and the investigation continues ive found that many large companies dont their!, highlights the widespread nature of cybersecurity threats and cyberattacks companies, including Microsoft, in blog Customers of both Twilio and Authy ( an, in a blog post, like many others, highlights widespread. Had initially feared `` no indication that our environment has been breached companies all over look for Okta think are. But Mr Ahmed urged `` extreme vigilance and cyber-safety practices '' gained access to the company initially notified individuals the! For it their jobs nearly 400 companies have been affected by the cyber-gang 's resources should reveal itself the. Utilize the same day it posted the screenshots those customers that may have affected hundreds of security Telegram channel on March 23, 2022 interesting to me how consistently major! With many people their jobs prime targets for attacking, are prime targets for attacking, are prime for Either way, i was surprised to learn from this and perform better in the days

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