Fury As Okta—The Company That Manages 100 Million Logins—Fails To Tell Customers About Breach For Months

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

With $25 billion market cap and over 100 million customers, Okta is one of the biggest cybersecurity companies around. If it suffered a breach, it could have widespread ramifications, security experts warn.

“As a result of the investigation, along with our ongoing assessment of external threats, we are confident there is no longer a security risk.”

Matthew Prince, CEO of Cloudflare, went as far to say that his web security business was considering other options for its single sign-on tech, which is designed to allow employees one password for numerous services, needing only a one-time code to access apps. Jon Oberheide, former cofounder of Okta rival Duo Security, tweeted that Okta’s explanation and apparent playing down of the breach should be taken “with a grain of salt.” He went on to describe a case in which Okta had similarly played down its vulnerability to a hack of multiple single sign-on vendors, including Duo.

For now, the lack of communication from Okta on the nature and severity of the breach is leading to customer anger, not to mention panic. “A breach at Okta could lead to potentially disastrous consequences,” said Ekram Ahmed, a spokesperson at cybersecurity company Check Point. “If you are an Okta customer, we strongly urge you to exercise extreme vigilance and cyber safety practices. The full extent of the cyber gang’s resources should reveal itself in the coming days.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 318. in BUSİNESS

Business Business Latest News, Business Business Headlines