Bloomberg Law
March 22, 2022, 1:46 PM

Okta Tumbles After Hacking Group Lapsus$ Claims Data Breach (1)

Jamie Tarabay
Jamie Tarabay
Bloomberg News

The hacking group Lapsus$ claims it gained internal access to the system privileges of Okta, the San Francisco-based company that manages user authentication services for thousands of corporate clients.

On its Telegram channel, Lapsus$ posted screenshots of its alleged access to Okta administrative and other systems.

“For a service that powers authentication systems to many of the largest corporations ... I think these security measures are pretty poor,” Lapsus$ commented in the channel.

Okta shares fell 4.8% as the market opened in New York on Tuesday.

“In late January 2022, Okta detected an attempt to compromise the account of ...