Bridge that became a death trap for Indian children, Why Ethiopia peace deal is triumph for prime minister. One thing I like about this post is that it shows an example of how hacks can directly affect individual clients who happen to be regular people. Please check back later. There is no impact to Auth0 customers, and there is [] My takeaway overall is that while computers are obviously amazing, the frequency of breaches makes it almost seem inadvisable to keep much important on them. Companies like these have a duty towards their customers to protect their information and it is unfortunate to see that even though they failed, Okta still tried to downplay and brush away the topic when in reality they should have taken accountability and apologized to those they had been hired to protect. At this point Im not even surprised to see that Lapsus$ is behind yet another big hack. VideoUS midterms: Will Gen Z vote? French parliament stopped over 'racist' remark, Mining giant ordered to pay 275m over oil bribes, Dutch wolves to be paintballed to scare them away, Donald Trump sues top NY lawyer for 'intimidation', Black Panther stars arrive at European premiere, Lapid congratulates Netanyahu on Israel election win. Its a little strange that they werent more responsible in letting their clients know about the breach especially considering how liable they are for their security. Interesting read! The . Lapsus . TD, Equifax, Microsoft, etc), but you almost never hear about the secondary firms that drive a lot of the technology that they rely on, and which arguably handles even more data. Okta Inc (OKTA.O), whose authentication services are used to grant access to networks by firms such as FedEx Corp (FDX.N) and Moodys Corp (MCO.N), and more than 15,000 clients, announced on Tuesday that it had been hacked and that some clients may have been affected. In its Friday FAQ, Okta said that, as detailed in its blog, the company has already identified and contacted 366 potentially affected customers. Their initial response consisted of ignoring signs that their environment was compromised, which led to even further damage (to the companys image especially). In my opinion companies should be responsible for at least making sure their security system is able to prevent the common attack methods out there. Lapsus$ hackers utilize the same old method to get around MFA. Click Manage settings for more information and to manage your choices. Even when Okta received the Mandiant report in March explicitly detailing the attack, they continued to ignore the obvious signs that their environment was breached until LAPSUS$ shined a spotlight on their inaction, Demirkapi wrote in a tweet thread. The dangers of TikTok as a news source, MrBeast's billions, and mortgage rates top 7%, From Bond to 'Top Gear': Iconic Ford car comes to an end. The company told Reuters that hackers have already gone as far as posting screenshots of parts of Okta's . Companies are affected after the Okta breach. However, failing to adequately protect their customers may ultimately lead to lawsuits and a decline in reputation. The company initially notified individuals of the data breach, with an estimated 164 individuals affected. Perhaps we need cameras and deterrence techniques for the digital world as we do for the physical. Bradbury shared that Lapsus$ gained access to their platform by taking over a machine belonging to an employee of Sitel, a company subcontracted by . Hence, Okta's shares plunged 11% immediately after hackers claimed the breach that has put thousands of Okta customers at risk. Companies will have to respond in some way to this, though how they do will be interesting to watch. Okta's chief security officer David Bradbury released a statement on Tuesday afternoon saying Okta "has not been breached and remains fully operational.". But the service itself . Should we feel sorry for them? Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. "We are sharing this interim update, consistent with our values of customer success, integrity, and transparency. Okta publicly acknowledged the apparent hack. Considering Okta specializes in authentication, who knows how bad this breach has been. Hacking methods are so common now, and the failure of admitting to their users that they have been attacked is very bad becuase then the users will not be able to trust the company any more because they were not able to protect their information. Lapsus$ has baffled cybersecurity experts because it triggered a high-profile hack. Lapsus$ is behind yet another major hack. Its been nearly 24 hours since Okta publicly acknowledged the apparent hack after a mysterious hacking group known as Lapsus$ published screenshots claiming access to an Okta internal administrative account and the firms Slack channel. But as concern mounted, Okta published a series of updated blog posts providing more detail. Factset: FactSet Research Systems Inc. All rights reserved. Businesses like Peloton, T-Mobile, and FCC are on high alert due to the breach that possibly caused by Lapsus$ group. Its crazy to think about how frequently these large companies are being breached. Perhaps they should be signing the ethics waiver we had to sign. Another commenter questioned why major corporations dont invest more in stronger cybersecurity measures when breaches occur so often. A Massive Hacking Campaign Stole 10,000 Login Credentials From 130 Different Organizations A phishing campaign targeted Okta users at multiple companies, successfully swiping passwords from . Okta said that it just received a short report regarding the issue from Sitel on March 17 after sharing symptoms of the breach with them on January 21. We have identified those customers and are contacting them directly. The clients of the security company found out about the breach on social media. 4. Okta 'identifying and contacting' customers potentially affected by Lapsus$ breach. The 22 March statement, attributed to David Bradbury, Okta's chief security officer, added that the company has identified and reached out to the 366 potentially impacted corporate customers. Great post! A Warner Bros. In 2017, Okta files a $100 million IPO with a promise of a tight security system. It is interesting that Okta tried to underplay the size of the hack and I believe there should be room to hold them accountable financially. He admitted that Okta should have moved faster in understanding the report's implications. Sophie Webster, Tech Times 23 March 2022, 10:03 pm. By Raphael Satter WASHINGTON (Reuters) -Okta Inc, whose authentication services are used by companies including Fedex Corp and Moody's Corp to provide access to their networks, said on Tuesday. Former Yahoo Engineer Accused Of Hacking Thousands Of Accounts To Steal Nudes Pleads Guilty, Okta faced backlash from the wider security industry. appreciated. The threat actor behind the attacks on Twilio and Cloudflare earlier this month has been linked to a broader phishing campaign aimed at 136 organizations that resulted in a cumulative compromise of 9,931 accounts. The group has previously claimed to have broken into some high-profile companies, including Microsoft. The criminal gang then received a copy of the full investigative report on March 22, the same day it posted the screenshots. Thank you all for your time and consideration. "We are actively continuing our investigation, including identifying and contacting those customers that may have been impacted. Ah yes, Lapsus$, the name that is mentioned just as often as REvil. The company confirmed that it had been the target of a Lapsus$ hacking attack on March 22, and indicated that as many as 366 clients could have been affected in a . Bradbury admitted that he was disappointed by the long period of time that transpired between the Okta's notification to Sitel and the issuance of the complete investigation report. On Tuesday 22nd, Hackread.com reported that LAPSUS$ hackers were claiming to have hacked Microsoft Azure DevOps accounts and Okta Inc., an authentication and access management services provider. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. News Corp. News Corp., the publisher of the Wall Street Journal and a range of global media outlets, said in a securities filing that it was hit by a cyberattack in January 2022 and that some data . What to Learn From Okta's Cyber Hack? I honestly did expect a little more from Okta, especially when they work in cybersecurity. Sign up for our free newsletter for the Latest coverage! Great post! Great post! Its honestly pretty surprising because you would expect these big companies such as Okta to make sure their cybersecurity is strong in order to protect the so many people that put trust in them. 1) Limit Access on a 'Need-to-Know' Basis In Okta's case, the Lapsus$ hackers were lurking in Sitel's network for five days, from Jan. 16 to Jan. 21, until the group was detected and removed from its network, according to 9to5Mac. Okta admitted that 366 companies, or 2.5% of its client base, were affected by the security breach that allowed hackers to access the company's private internal network. Now let us get to the topic, they were hacked and this breach was carried out by the cyber-gang Lapsus$. Okta Inc ( OKTA.O ), whose authentication services are used to grant access to networks by firms such as FedEx Corp ( FDX.N) and Moody's Corp ( MCO.N ), and more than 15,000 clients, announced on Tuesday that it had been hacked and . Its interesting to me how consistently vulnerable major companies are to these kinds of attacks, and how poorly they always seem to respond. Okta, an authentication services provider, announced that it has suffered a data breach. With the frequency of technology increased its also crazy to think about the attacks have also. You can change your choices at any time by visiting your privacy controls. This post highlights that cyber criminals are not constrained by limitations pertaining to the size and power of their targets. Okta said the breach impacted roughly 2.5% of its customers the company has 15,000 customers so that means nearly 400 are impacted. In light of the evidence that we have gathered in the last week, it is clear that we would have made a different decision if we had been in possession of all of the facts that we have today, Oktasaid, adding it should have more actively and forcefully compelled information from Sitel.. The malicious activities, which granted the threat actor access to nearly 366 Okta customers, took place over a five-day period between January 16 and 21, during which the hackers carried out various phases of the attack, including privilege escalation after gaining an initial foothold, persistence, lateral movement, and internal network reconnaissance. "After a thorough analysis of these claims, we have concluded that a small percentage of customers - approximately 2.5% - have potentially been impacted and whose data may have been viewed or acted upon. In a post. One would expect that an entity with millions (at least) of dollars at their disposal would be able to invest in enough security measures to avoid this type of situation, or would at least be faster to acknowledge and resolve the issue before real harm occurred. A January security breach seems to have done far less damage than Okta had initially feared. One of Okta's clients, Cloudflare, said, in a blog post, it did not believe it had been compromised. Last night, Steam - Valve's online gaming service - announced that its database had been breached. [W]e have concluded that a small percentage of customers approximately 2.5% have potentially been impacted and whose data may have been viewed or acted upon, Okta chief security officer David Bradbury said in a statement. From what I understand so far, Something like Firebase Auth would require more dev effort but is likely to cost less overall, whereas OTB, you have a UI-based console which makes config by non . A potential data breach detected in early January by Okta has had "no impact" on customers who use its FedRAMP-approved services, according to the identity authentication technology company. They also mentioned that roughly 2.5% of Okta's customers might have been affected. Many of their clients rely on this trust, which was misplaced. Several tech companies have experienced data breaches from LAPSUS$, including some large-name technology brands: The ransomware group "is a South American threat actor that has recently been linked to cyber-attacks on some high-profile targets", according to Ekram Ahmed, of cyber-security company Checkpoint . I hope the company can learn from this and perform better in the future. US midterms: Will Gen Z vote? Aside from the teen from England, another member of Lapsus$ is suspected to be a teenager from Brazil. Perhaps its because Facebook Hacked drives more news than some company thats huge but nobody knows their name has been hacked. Okta says 366 customers potentially affected in data breach. Both Microsoft and Okta have admitted that their systems were indeed infiltrated by the Lapsus$ hacking group, but both companies also said that the cyberattack's impact was limited. Additionally, aside from a massive breach, it also had consequences for individuals who are innocent. A third-party data breach occurs when malicious actors compromise a vendor, supplier, contractor, or other organization in order to gain access to sensitive information or systems at the victim's customers, clients or business partners. Okta, the authentication giant that provides identity services to more than 15,000 companies, suffered a data breach in January, Okta CEO Todd McKinnon confirmed Tuesday. 17, the report was submitted to Okta. Both Microsoft and Roblox have experienced the same targeted compromises of customer support agents' accounts that led to access of their private internal systems. One thing which piqued my interest was that Okta kind of ignored when they got to know of the attack for a while until Lapsus sent it in their telegram channel. Okta files a $100 million IPO with a promise of a tight security system. Okta faced backlash from the wider security industry for the way that it handled the compromise and the long delay in notifying its clients about the situation. Interesting topic! 2. If it suffered a breach, it could have widespread ramifications, security experts warn. In early March 2022, authentication security company Okta reported that there had been an attempt to compromise the account of a third-party customer support engineer from Sitel in January. This post, like many others, highlights the widespread nature of cybersecurity threats and cyberattacks. FedEx told the Reuters news agency it had "no indication that our environment has been accessed or compromised". The motives behind the hack are not yet clear, but some researchers say they believe the group is motivated by money. Hundreds of organisations that rely on Okta to provide access to their networks may have been affected by a cyber-attack on the company. You hear all the time about large 1st factor firms being hacked (i.e. The Okta Inc. website on a smartphone arranged in Dobbs Ferry, New York, U.S., on Sunday, Feb. 28, 2021. Fury As OktaThe Company That Manages 100 Million LoginsFails To Tell Customers About Breach For Months (Forbes) With $25 billion market cap and over 100 million customers, Okta is one of the biggest cybersecurity companies around. However, many have raised concerns about why the incident was not disclosed sooner. Market holidays and trading hours provided by Copp Clark Limited. 12:14 AM EDT, Wed March 23, 2022. Okta said on Wednesday hundreds of its customers may have been affected by a security breach involving hacking group Lapsus$, amid criticism of the digital authentication firm's slow response to . All rights reserved. Okta has over 15,000 customers, according to its website. As prices soar, consumers turn to McDonald's, New York Post says 'vile and reprehensible' tweets result of rogue employee, 'I did a bad job': Jim Cramer appears emotional as Meta stock plummets. At the moment, Okta's CSO, David Bradbury, claims that only 366 clients, or 2.5% of their customer base, have potentially been impacted. September 30, 2022. I hope that other firms learn from Oktas mistake and hold themselves accountable, as this is not a very good look for Okta. Maybe they dont want to give the groups attention, or maybe theyve crunched the numbers and decided it works out better not to mention anything. 23, the company's chief security officer David Bradbury confirmed the subprocessor is a company named Sykes, which was acquired by a contact center giant Sitel in 2021. The Okta security team's log analysis has provided that Lapsus$ gained access to the account of a support engineer. Fair value provided by IndexArb.com. Mortgage rates top 7%. "In late January 2022 . I think mistakes are normal and these companies should disclose this information. Okta, an identity authentication service with more than 15,000 customers, said Tuesday that an attacker had access to a support engineer's laptop for five days in January. Third-party data breaches are becoming increasingly common as technology makes it easier for . Okta says the LAPSUS$ hacking group that's released data stolen from Microsoft, Samsung, and other companies only had access to its network for 25 minutes during a January data breach. All it took was one person to overlook something and the result was an armageddon for everyone. One would think, considering the consequences of these types of attacks (and their increasing frequency) that Oktas initial response would have been stronger. In 2017, Okta said that the U.S. Department of Justice was a customer. Affected customers have been notified and the investigation continues. 2022 TECHTIMES.com All rights reserved. In the past, customers disclosed by Okta have included JetBlue, Nordstrom, Siemens, Slack and T-Mobile. Valve is still investigating whether this Read about our approach to external linking. Very informative post. "No customer code or data was involved in the observed activities," Microsoft's Threat Intelligence Center (MSTIC) said, adding . 2022 BBC. Your effort and contribution in providing this feedback is much Clearly, these groups are on the rise and would make an interesting plot for the WatchDogs franchise. The San Francisco-based company didn't provide details around how these customers were impacted but said affected customers will receive a report that shows the actions performed on their Okta . The recent security breach of a third-party supplier to Okta Inc. has been widely reported.The criticisms of Okta's response have been harsh and the impact on Okta's value has been obvious . Related Article: Google Apps For Work Intros App Recommendations After Hitting 2 Million Paid Customer Milestone. Right after Okta confirmed the security breach, another report said a16-year old teen living at his mother's home in Oxford, England, is the mastermind behind the incident. Okta logo is displayed in this illustration taken March 22, 2022. I was surprised to learn that the group is based in South America. 10. It says it has more than 15,000 clients - from big companies, including FedEx, to smaller organisations, such as Thanet District Council, in Kent. Cybersecurity researchers used forensic evidence from the hack and publicly available information to connect the teen to the group. Okta admitted that 366 companies, or 2.5% of its client base, were affected by the security breach that allowed hackers to access the company's . This attack only impacted 5 security cameras and did not impact any other systems at Okta. Okta markets itself as "The World's #1 Identity Platform," but today the company is investigating a digital breach that could impact thousands of companies. The contractor employing the engineer, Sykes, part of the Sitel Group, said it was "confident there is no longer a security risk". Either way, its food for thought, and really quite scary that so much data can be attacked and gained from so many different angles. While people are a companys greatest asset, they are also a companys greatest weakness. Okta has looked to play down fears that it was affected by a major data breach earlier this year. The breach was initially blamed on an unnamed subprocessor that provides customer support services to Okta. It seems to me that too many companies focus on short-term financial gain over long term prospects: the amount of money they lose to ransomware gangs might only constitute a small fraction of total annual revenue. Okta service itself was not breached, it said . Im not quite sure but I do know that breaking something is usually easier than building. Microsoft on Tuesday confirmed that the LAPSUS$ extortion-focused hacking crew had gained "limited access" to its systems, as authentication services provider Okta revealed that nearly 2.5% of its customers have been potentially impacted in the wake of the breach. Even though there is a lot of awareness about cyber crimes out there companies do not tend to make an effort to increase their security system. Cybersecurity researchers investigated a string of hacks against technology companies and have traced an attack on the teen. The data breach. Okta reported that in the worst-case 366 of its clients were affected and that their data may have been viewed or acted upon the companys stock dropped 9% as a result of the announcement. Companies these days should be discreet upon storing and keeping data, coding has errors and that is where the cyber attacks come from, mail functions in the system. 2022 Cable News Network. On one hand, these stories make it evident to me that security is not such a simple thing; If companies that rely on the security of their product can be attacked, it speaks more to the fact that no security system will ever be perfect in the face of attackers. The scope of the breach is still unclear, but it could have major consequences because thousands of companies rely on San Francisco-based Okta to manage access to their networks and applications . Cybersecurity researchers refused to name the teen who goes by the nickname "White," as he is a minor and has not been charged yet. Either way, I struggle to think this helps them build trust with users. Why are Albanian migrants coming to the UK? Ive lost count of how many blog posts and articles Ive read about big companies getting breached. In response, Okta's CISO, David Bradbury, claimed that those pictures corresponded to a breach, which took place between Jan. 16 and Jan. 22, at which point the compromised account was suspended. Most stock quote data provided by BATS. Investigation Finds Only Two Clients Affected in Okta Security Breach. Chief security officer David Bradbury revealed the hackers had accessed the computer of a customer-support engineer working for the sub-processor, over a five-day period in mid-January.

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