Okta says security breach disclosed in October was way worse than first thought

2024-12-26 23:20:32 source:lotradecoin real-time trading charts category:Scams

A security breach of identity-management software company Okta was more extensive than first thought.

More than five weeks after Okta first told customers of the September breach, the company's chief security officer, David Bradbury, wrote in a blog post Wednesday that hackers had stolen information on all users of its customer support system. 

The admission is a far cry from the company's prior contention that the incident had impacted less than 1% of users.

Okta's initial investigation overlooked actions by hackers signaling all of the company's certified users were impacted during the attack, Bradbury noted. 

"While we do not have direct knowledge or evidence that this information is being actively exploited, there is a possibility that the threat actor may use this information to target Okta customers via phishing or social engineering attacks," Bradbury wrote. 

MGM Resorts International says it is working to resolve issues days after cyberattack 01:50

The developments came after casino giants Caesar's Entertainment and MGM Resorts were breached, with hackers succeeding to social engineer workers into resetting the multifactor login requirements for Okta administrator accounts. 

Some of the world's biggest companies — FedEx, Hewlett Packard and T-Mobile among them — use Okta to secure access to their computer systems (Paramount, which owns CBS News, is also an Okta customer).

Okta has roughly 17,000 customers and manages about 50 billion users, it said in March.

Shares of Okta on Wednesday fell 2.5% to $70.77.

The cost of a typical data breach in the U.S. neared $4.5 million this year, up more than 15% from $3.9 million in 2020, according to IBM. 

Ransomware attacks and other forms of cybercrime have soared in recent years, targeting companies using internet cloud services to store data.

Kate Gibson

Kate Gibson is a reporter for CBS MoneyWatch in New York.

More:Scams

Recommend

A Malibu wildfire prompts evacuation orders and warnings for 20,000, including Dick Van Dyke, Cher

MALIBU, Calif. (AP) — Weather conditions were forecasted to improve this week in Southern California

Ohio State coach Ryan Day names Will Howard as the team's starting quarterback

Ohio State has its starting quarterback.Buckeyes coach Ryan Day said Thursday that Kansas State tran

Why Fans Think Taylor Swift Made Cheeky Nod to Travis Kelce Anniversary During Eras Tour With Ed Sheeran

Travis Kelce has been the king of Taylor Swift's heart for over a year now.Case in point: The "Cruel