Shares of Okta (OKTA) are under pressure on Tuesday after a hacking group claimed it had gained internal access to the system privileges of the company, posting screenshots on its Telegram channel of its alleged access to Okta administrative and other systems. Okta CEO Todd McKinnon said via Twitter that he believes the screenshots are connected to a January incident that has been “investigated and contained by the subprocessor.” While Raymond James analyst Adam Tindle told investors he sees no evidence of ongoing malicious activity at Okta, his peer at Truist downgraded the stock to Hold pending better clarity on the alleged breach.
DATA BREACH: Hacking group Lapsus$ claims it has gained internal access to the system privileges of Okta, sharing screenshots on its Telegram channel of its alleged access to Okta administrative and other systems. Via Twitter, Okta CEO Todd McKinnon said that, “In late January 2022, Okta detected an attempt to compromise the account of a third-party customer support engineer working for one of our subprocessors. The matter was investigated and contained by the subprocessor. We believe the screenshots shared online are connected to this January event. Based on our investigation to date, there is no evidence of ongoing malicious activity beyond the activity detected in January.”