June 17, 2024

Okta’s inventory dropped greater than 11% within the wake of an information breach that impacted prospects.

Okta introduced an information breach on October 20, one which impacted its help case administration system. Firms, together with 1Password and Cloudflare, have introduced points on account of the breach.

In line with Reuters, Okta’s inventory has shed 11.6% of its worth, dropping to $75.57.

Okta’s demonstrates the rising challenges concerned in sustaining cybersecurity in a world the place firms are more and more interconnected by way of the cloud.