this post was submitted on 24 Oct 2023
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Okta cybersecurity breach wipes out more than $2 billion in market cap (www.cnbc.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Okta cybersecurity breach wipes out more than $2 billion in market cap::Okta shares continued their fall Monday after the company said client files had been accessed by an unknown hacker, the latest attempt involving the company.

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[–] stefenauris@pawb.social 10 points 2 years ago (3 children)

I have to admit prior to this breach I had never heard of Okta before, am I alone on this?

[–] Seasm0ke@lemmy.world 22 points 2 years ago (1 children)

It is very common in enterprise environments. If you configure sign in via SAML, OIDC, OAUTH2 youd at least come across documentation for it.

[–] rambaroo@lemmy.world 1 points 2 years ago (1 children)

Why? I've configured these for our enterprise software and I only heard about this garbage company from their job listings on LinkedIn

[–] Seasm0ke@lemmy.world 1 points 2 years ago

Honestly no idea what the selling point is. I imagine its somewhere akin to duo where there are added management features like bypass codes and manual MFA pushes that you don't get with azure. Maybe people went there early after adfs, just speculating

[–] kyle@lemm.ee 13 points 2 years ago

If you work in an office, chances are you use Active Directory or Azure AD. Just another way to sign on to stuff, sorta like how you can "sign in with Google" or "sign in with Facebook" on some sites.

Okta is pretty popular tbh, and a breach this large is crazy.

[–] GONADS125@lemmy.world 5 points 2 years ago

I had to use okta for a mental health company I worked at. I had so many stages of logging in with different passwords before I could access any PHI, including a ubi key for my laptop on startup.

We still had periodic data breaches.. The sad truth is that our information just isn't safe, and breaches happen constantly.