Okta cybersecurity breach wipes out more than $2 billion in market cap
Publishing timestamp: 2023-10-23 17:32:59
Summary
Okta shares have slumped after the company disclosed that an unidentified hacking group accessed client files through their support system. The company has lost over $2 billion in market cap since the hack was acknowledged. Okta is a high-profile target for hackers and has been involved in previous incidents. The stock continued to fall on Monday.
Sentiment: NEGATIVE
Tickers: ZM, CZR, TTWO, CLX, UBER, WDAY, GOOGL, OKTA, VMW, NOW, MGM,
Keywords: cybersecurity, clorox co, caesars entertainment inc, zoom video communications inc, business news, servicenow inc, okta inc, vmware inc, technology, mgm resorts international, alphabet inc, hacking, politics, breaking news: politics, breaking news: technology, workday inc, breaking news, take-two interactive software inc, internet, enterprise, uber technologies inc,
Source: https://www.cnbc.com/2023/10/23/okta-hack-wipes-out-more-than-2-billion-in-market-cap.html