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. With two high-profile breaches this year, Okta, a leader in identity and access management (IAM), made the kind of headlines that security vendors would rather avoid. Interesting topic! Okta logo is displayed in this illustration taken March 22, 2022. 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. Okta, an authentication services provider, announced that it has suffered a data breach. Valve is still investigating whether this 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 . Okta said the "worst case" was 366 of its clients had been affected and their "data may have been viewed or acted upon" - its shares fell 9% on the news. A January security breach seems to have done far less damage than Okta had initially feared. Discovery Company. Something definitely needs to change because these big companies are being attacked way too much. The breach was initially blamed on an unnamed subprocessor that provides customer support services to Okta. If it suffered a breach, it could have widespread ramifications, security experts warn. Following a breach of its systems in January, Okta has released a forensic report finding that the threat group Lapsus$ accessed just two active customers via a third-party company. Their leader was actually recently ousted as a 16 year old boy from England as large amounts of their group was arrested and they announced they would be going on a break. Affected customers have been notified and the investigation continues. To top it off, many companies who dont use private contracting for cybersecurity become complacent and their security departments are limited in what they can do or cannot keep up with the ever-evolving practice standards. The security firm confirmed the hack after the suspected group behind it, Lapsus$, posted screenshots of Okta's apps and systems on Mar. Lapsus$ has baffled cybersecurity experts because it triggered a high-profile hack. Following a breach of its systems in January, Okta has released a forensic report finding that the threat group Lapsus$ accessed just two active customers via a third-party company. 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 . Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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 potential impact to Okta customers is limited to the access that support engineers have, Bradbury said. 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. In the past, customers disclosed by Okta have included JetBlue, Nordstrom, Siemens, Slack and T-Mobile. 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. It says it has more than 15,000 clients - from big companies, including FedEx, to smaller organisations, such as Thanet District Council, in Kent. Okta publicly acknowledged the apparent hack. Like you said, its almost becoming a liability to keep information on company networks, which is what the networks were originally supposed to be built for. 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 . In 2017, Okta said that the U.S. Department of Justice was a customer. Hence, Okta's shares plunged 11% immediately after hackers claimed the breach that has put thousands of Okta customers at risk. Okta released an updated statement on Tuesday night, announcing that 2.5% of the identity and access management firm's customers were impacted by a recent breach caused by extortion group Lapsus$. Why are Albanian migrants coming to the UK? The fact that a group this young is capable of performing attacks on such large scale organizations shows just how prevalent hacking has become! Okta said 366 customers were potentially affected. The clients of the security company found out about the breach on social media. Most people in a company do not understand issues regarding cybersecurity, thus security issues are not just put off, but not acknowledged in the first place. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. One thing which piqued my interest was that Okta kind of ignored when they got to know of the attack for a while until Lapsus sent it in their telegram channel. The three Russian cyber-attacks the West most fears, Anonymous: How hackers are trying to undermine Putin, Imran Khan survives deadly Pakistan rally shooting, UK faces record two-year recession, Bank warns, Aboriginal boy's killing puts spotlight on racism. Okta says the LAPSUS$ 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. Factset: FactSet Research Systems Inc. All rights reserved. Very informative post. The motives behind the hack are not yet clear, but some researchers say they believe the group is motivated by money. A major gaming network has been hacked, compromising millions of users' information. 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. Okta has looked to play down fears that it was affected by a major data breach earlier this year. In an updated statement on Wednesday, Okta's chief security officer David Bradbury. This story appeals to me because it illustrates how hacks may have a direct impact on individual clients who are ordinary people. Privacy Policy | Great post! In order to prevent large companies from being irresponsible with their customers privacy, I think the government should fine these companies and require them to form partnerships with reliable Internet security companies in the industry. 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. No Okta systems or networks were affected in any way. But in collaboration with external cyber-security experts, it would "continue to investigate and assess potential security risks to both our infrastructure and to the brands we support around the globe". Additionally, aside from a massive breach, it also had consequences for individuals who are innocent. The investigators said that they have identified seven unique accounts connected to the hacking group, indicating that there are others involved in the group's operations. Lapsus$ is behind yet another major hack. "The full extent of the cyber-gang's resources should reveal itself in the coming days," he added. 10. But the engineer's computer had not provided "god-like access", the hackers had been constrained in what they could do, Okta itself had not been breached and remained fully operational. The BBC is not responsible for the content of external sites. Hackers have previously targeted customer support companies, which usually have weaker cybersecurity defenses than some of the companies with highly-secured systems. 12:14 AM EDT, Wed March 23, 2022. Companies are affected after the Okta breach. This post, like many others, highlights the widespread nature of cybersecurity threats and cyberattacks. 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. I would assume that there is no shame in admitting that they got hacked since it is starting to become a common occurrence all around the world. Cybersecurity researchers refused to name the teen who goes by the nickname "White," as he is a minor and has not been charged yet. He added that, support engineers are also able to facilitate the resetting of passwords and multi-factor authentication factors for users, but are unable to obtain those passwords.. There is no evidence that our system has been hacked or compromised, FedEx told Reuters. Okta's website on March 23, 2022. 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. Lapsus$ said, in online posts, it had not stolen "any databases from Okta" and was focused only on its customers. Most of these companies are not incapable of providing better security for customer information. Either way, I struggle to think this helps them build trust with users. 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. The fact that Oktas company stock dropped 9% as a result of this attack, shows yet another damaging consequence of these attacks, damage to ones public image. "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. I hope that other firms learn from Oktas mistake and hold themselves accountable, as this is not a very good look for Okta. The cyber-gang is infamous for extortion, threatening the publication of sensitive information if its victims do not comply with their demands. Something isn't loading properly. 2022 BBC. 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. 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. None of Okta's clients has reported any issues - but Mr Ahmed urged "extreme vigilance and cyber-safety practices". Both Microsoft and Roblox have experienced the same targeted compromises of customer support agents' accounts that led to access of their private internal systems. We are living in an opportunistic world, to say the least. Copyright 2019. on Companies are affected after the Okta breach. 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 . Okta says 366 corporate customers, or about 2.5% of its customer base, were impacted by a security breach that allowed hackers to access the company's . Lapsus$ hackers utilize the same old method to get around MFA. Its frustrating to see Okta try to sweep this incident underneath the rug, especially when they deserve every bit of criticism for it. Sophie Webster, Tech Times 23 March 2022, 10:03 pm. "There are no corrective actions that need to be taken by our customers," Mr Bradbury added. Great post! "The cyber-gang is known for extortion, threatening the release of sensitive information, if demands by its victims are not made" he said. 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. 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. Standard & Poors and S&P are registered trademarks of Standard & Poors Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. In March 2022, Okta received a full security report from Sitel after an investigation, and LUPSUS$ posted the stolen information online only days later, confirming their involvement. It always seems like the bad guys are a step or two ahead. 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. Yet another cyberattack by the infamous group Lapsus$, they have swept the cyber security world off its feet with the sheer number of attacks they have done. Lapsus . Chief security officer David Bradbury revealed the hackers had accessed the computer of a customer-support engineer working for the sub-processor, over a five-day period in mid-January. September 30, 2022. 2022 Cable News Network. 23, the company's chief security officer David Bradbury confirmed the subprocessor is a company named Sykes, which was acquired by a contact center giant Sitel in 2021. When a system like OKTAs which authenticates so many systems, is compromised, it can be very problematic for businesses and can have negative implications on the overall economy as well. Okta Inc. doesn't yet know how many of its customers were affected by a January data breach that the company waited nearly two months to make public, Chief Executive Officer Todd McKinnon said . At the moment, Okta's CSO, David Bradbury, claims that only 366 clients, or 2.5% of their customer base, have potentially been impacted. In a comprehensive FAQ written on March 25, the San Francisco-based firm admitted that it made a mistake in failing to warn its consumers about the January hack. You can change your choices at any time by visiting your privacy controls. Okta reported that in the worst-case 366 of its clients were affected and that their data may have been viewed or acted upon the companys stock dropped 9% as a result of the announcement. "There is no evidence of ongoing malicious activity beyond the activity detected in January," it said. Okta service itself was not breached, it said . They also mentioned that roughly 2.5% of Okta's customers might have been affected. You hear all the time about large 1st factor firms being hacked (i.e. The company told Reuters that hackers have already gone as far as posting screenshots of parts of Okta's . LAPSUS$ group claimed that they had access to Okta's internal tools, such as Slack, Jira, Splunk, AWS since January 2022. Notably, Okta's customers include high-profile enterprises like FedEx Corporation and Moody's Corporation. I wonder how hackers feel about doing things like this and possibly costing many people their jobs? Im not quite sure but I do know that breaking something is usually easier than building. The Okta Inc. website on a smartphone arranged in Dobbs Ferry, New York, U.S., on Sunday, Feb. 28, 2021. At last, here is a video from youtube which summarises it all: [1] https://www.bbc.com/news/technology-60849687, [2] https://techcrunch.com/2022/03/28/lapsus-passwords-okta-breach/, [3] https://thehackernews.com/2022/03/new-report-on-okta-hack-reveals-entire.html, [4] https://www.wired.com/story/lapsus-okta-hack-sitel-leak/, [5] https://www.reuters.com/technology/authentication-services-firm-okta-says-it-is-investigating-report-breach-2022-03-22/. Your effort and contribution in providing this feedback is much 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. Its so crazy to think about how fast the world has evolved in this sense in the past 10 years even. Do not reproduce without permission. In 2017, Okta files a $100 million IPO with a promise of a tight security system. Perhaps we need cameras and deterrence techniques for the digital world as we do for the physical. However, many have raised concerns about why the incident was not disclosed sooner. The scope of the breach is still unclear, but it could have major consequences because thousands of companies rely on San Francisco-based Okta to manage access to their networks and applications. Third-party data breaches are becoming increasingly common as technology makes it easier for . In my opinion companies should be responsible for at least making sure their security system is able to prevent the common attack methods out there. Extortion group Lapsus$ claimed this weekend on its Telegram channel that it had access to Okta's systems, and the company said on Monday night . 2022 TECHTIMES.com All rights reserved. The security breach was initially blamed on a subprocessor that provides clients support services to Okta. Fair value provided by IndexArb.com. 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. Ive lost count of how many blog posts and articles Ive read about big companies getting breached. This week, the news of yet another third party data breach put thousands of businesses on high alert.. Okta, an authentication company used by thousands of organizations around the world, confirmed that cybercriminals had access to one of its outsourced employees' laptops for five days in January 2022, and that around 366 companies (2.5% of its customer base) may have been affected. 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. All in all, I struggle to believe that companies are this consistently clueless, so there must be some greater method to their reactions. The Lapsus$ group claims to be based in Brazil and it . 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. Ah yes, Lapsus$, the name that is mentioned just as often as REvil. Following a breach of its systems in January, Okta has released a forensic report finding that the threat group Lapsus$ accessed just two active customers via a third-party company. Clearly, these groups are on the rise and would make an interesting plot for the WatchDogs franchise. Apple is weathering the economic downturn better than fellow tech giants, A guaranteed way to beat inflation temporarily crashed a Treasury website, Ford's beloved little Fiesta is going away, at least for now, Published A January cybersecurity incident at popular identity authentication provider Okta may have affected hundreds of the firm's clients, Okta acknowledged late Tuesday amid an . I honestly did expect a little more from Okta, especially when they work in cybersecurity. Businesses like Peloton, T-Mobile, and FCC are on high alert due to the breach that possibly caused by Lapsus$ group. There is no impact to Auth0 customers, and there is [] 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. 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. What to Learn From Okta's Cyber Hack? "We are sharing this interim update, consistent with our values of customer success, integrity, and transparency. Both Sykes and Sitel have wide access to the organizations that they support for facilitating customer requests. This post highlights that cyber criminals are not constrained by limitations pertaining to the size and power of their targets. The gang has claimed to have broken into several high-profile firms, including Microsoft, in the past. 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 . Aside from the teen from England, another member of Lapsus$ is suspected to be a teenager from Brazil. While people are a companys greatest asset, they are also a companys greatest weakness. 2022 Tech Times LLC. Okta (OKTA -8.6%) shares have plunged after the digital identity authentication firm confirmed on Tuesday a security breach caused by a hacking group known as Lapsus$. A January cybersecurity incident at popular identity authentication provider Okta may have affected hundreds of the firms clients, Okta acknowledged late Tuesday amid an ongoing investigation of the breach. Also Read: Former Yahoo Engineer Accused Of Hacking Thousands Of Accounts To Steal Nudes Pleads Guilty. Okta, the authentication giant that provides identity services to more than 15,000 companies, suffered a data breach in January, Okta CEO Todd McKinnon confirmed Tuesday. Market holidays and trading hours provided by Copp Clark Limited. CNN Sans & 2016 Cable News Network. All times are ET. Lapsus . We, TechCrunch, are part of the Yahoo family of brands. Great post! Investigation Finds Only Two Clients Affected in Okta Security Breach. I was surprised to learn that the group is based in South America. I think mistakes are normal and these companies should disclose this information. According to Bradbury, Sitel hired a forensics firm to investigate the incident, which concluded on Mar. Image Credits: Derrick Ceyrac / AFP. The scope of the breach is still unclear, but it could have major consequences because thousands of companies rely on San Francisco-based Okta to manage access to their networks and applications . With the frequency of technology increased its also crazy to think about the attacks have also. Perhaps its because Facebook Hacked drives more news than some company thats huge but nobody knows their name has been hacked. Okta Inc (OKTA.O), whose authentication services are used to grant access to networks by firms such as FedEx Corp (FDX.N) and Moodys Corp (MCO.N), and more than 15,000 clients, announced on Tuesday that it had been hacked and that some clients may have been affected. Both Microsoft and Okta have admitted that their systems were indeed infiltrated by the Lapsus$ hacking group, but both companies also said that the cyberattack's impact was limited. But the service itself . Okta files a $100 million IPO with a promise of a tight security system. 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. Their initial response consisted of ignoring signs that their environment was compromised, which led to even further damage (to the companys image especially). On Tuesday, Okta published an updated statement concerning the potential breach of its systems, which many observers fear exposed access to 15,000 corporate customers, including major companies . Twilio only sometimes requires customers to provide identifying information, so it wasn't as widely affected as the other data. Did you encounter any technical issues? This highlights the importance of taking an active role in increasing cyber-security measures and shows that in scenarios regarding cyber security (in this case the information security of 15,00 clients), one cannot simply be negligent. Mortgage rates top 7%. 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. 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. Okta breach: Hundreds of clients could be affected, company concedes. Ive found that many large companies dont take their network security seriously enough. [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. They have been doing a lot of damage to companies all over. Okta has said that third-party support provider Sitel was breached for five days in January, and 2.5% of it customer base may have been affected, making this a much larger breach than the . Its crazy to think about how frequently these large companies are being breached. Interesting read! Its also extremely fascinating how many people are picking up on these skills and how easily they can conceal their identities. "We are actively continuing our investigation, including identifying and contacting those customers that may have been impacted.

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