Lapsus . 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. 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. Its interesting to me how consistently vulnerable major companies are to these kinds of attacks, and how poorly they always seem to respond. Read about our approach to external linking. Perhaps we need cameras and deterrence techniques for the digital world as we do for the physical. This post, like many others, highlights the widespread nature of cybersecurity threats and cyberattacks. Im not quite sure but I do know that breaking something is usually easier than building. 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. 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. Nonetheless, I was surprised that Okta would not admit to the fault in their online infrastructure. Okta has looked to play down fears that it was affected by a major data breach earlier this year. Either way, I struggle to think this helps them build trust with users. Ive found that many large companies dont take their network security seriously enough. Great post! Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. The BBC is not responsible for the content of external sites. Mortgage rates top 7%. Okta investigates a data breach that potentially can affect more than 15 000 customers. Man it seems like company after company gets caught up in these security breaches. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Unfortunately, most employees in a company are either not trained or are unaware of some of the potential weaknesses they can create for their companies in terms of cybersecurity. Hence, Okta's shares plunged 11% immediately after hackers claimed the breach that has put thousands of Okta customers at risk. Its crazy to think about how frequently these large companies are being breached. 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 . Investigation Finds Only Two Clients Affected in Okta Security Breach. 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. 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. 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. Okta has over 15,000 customers, according to its website. In the past, customers disclosed by Okta have included JetBlue, Nordstrom, Siemens, Slack and T-Mobile. The breach created alarm among cybersecurity experts because of how popular the service is with big organizations and the potential access that a hacker could acquire by targeting Okta. This attack only impacted 5 security cameras and did not impact any other systems at Okta. I think mistakes are normal and these companies should disclose this information. Cybersecurity researchers refused to name the teen who goes by the nickname "White," as he is a minor and has not been charged yet. 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. No Okta systems or networks were affected in any way. Should we feel sorry for them? 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. Thanet, which uses Okta to simplify the way staff manage and sign on to multiple applications, told BBC News the hack "has not compromised the security of the council's data" but it "will continue to monitor the situation". [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. A Warner Bros. Privacy Policy | 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. Market holidays and trading hours provided by Copp Clark Limited. 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. 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 . All rights reserved. What to Learn From Okta's Cyber Hack? The criminal gang then received a copy of the full investigative report on March 22, the same day it posted the screenshots. Who Else Has Been Affected by LAPSUS$? Either way, its food for thought, and really quite scary that so much data can be attacked and gained from so many different angles. "The full extent of the cyber-gang's resources should reveal itself in the coming days," he added. The cyber-gang is infamous for extortion, threatening the publication of sensitive information if its victims do not comply with their demands. The fact that Oktas company stock dropped 9% as a result of this attack, shows yet another damaging consequence of these attacks, damage to ones public image. Extortion group Lapsus$ claimed this weekend on its Telegram channel that it had access to Okta's systems, and the company said on Monday night . 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. Cybersecurity researchers investigated a string of hacks against technology companies and have traced an attack on the teen. Its frustrating to see Okta try to sweep this incident underneath the rug, especially when they deserve every bit of criticism for it. Many of their clients rely on this trust, which was misplaced. I think out of almost 150 posts I have read a 100 about cyber attacks. 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 . In an updated statement on Mar. Its always scary when large umbrella-like corporations get breached since a hack in such a company makes every company under them vulnerable as well. Lapsus$ is behind yet another major hack. I honestly did expect a little more from Okta, especially when they work in cybersecurity. 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. Read about our approach to external linking. Please check back later. Very informative post. Discovery Company. Okta's chief security officer David Bradbury released a statement on Tuesday afternoon saying Okta "has not been breached and remains fully operational.". Cyber attacks are becoming scarier everyday. The clients of the security company found out about the breach on social media. Lapsus$ hackers utilize the same old method to get around MFA. Interesting read! (Okta / Scoop News Group) Written by Suzanne Smalley Mar 24, 2022 | CYBERSCOOP Criticism of the identity authentication company Okta intensified Thursday in the wake of the company's announcement that 366 customer accounts were potentially compromised in a security breach via an attack on a third-party contractor's laptop. The company has more than 15,000 customers, meaning nearly 400 companies have been affected by the breach. Which shows how common cyber attacks have become these days. However, failing to adequately protect their customers may ultimately lead to lawsuits and a decline in reputation. Cloudflare, one of Oktas clients, stated in a blog post that it did not believe it had been hacked. 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 of these companies are not incapable of providing better security for customer information. 17, the report was submitted to Okta. In a blog post, Microsoft said Lapsus$ had gained only limited access, after compromising a single account, but no customer code or data was involved. 2. 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. Your effort and contribution in providing this feedback is much With the frequency of technology increased its also crazy to think about the attacks have also. This story appeals to me because it illustrates how hacks may have a direct impact on individual clients who are ordinary people. Also Read: Former Yahoo Engineer Accused Of Hacking Thousands Of Accounts To Steal Nudes Pleads Guilty. The company told Reuters that hackers have already gone as far as posting screenshots of parts of Okta's . 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. 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. 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. But as concern mounted, Okta published a series of updated blog posts providing more detail. 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. 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. VideoUS midterms: Will Gen Z vote? Okta service itself was not breached, it said . Okta publicly acknowledged the apparent hack. 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$. 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. 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 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. June 29, 2021. All Rights Reserved. Click Manage settings for more information and to manage your choices. 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. 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. Okta files a $100 million IPO with a promise of a tight security system. Okta (OKTA -8.6%) shares have plunged after the digital identity authentication firm confirmed on Tuesday a security breach caused by a hacking group known as Lapsus$. 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. Ah yes, Lapsus$, the name that is mentioned just as often as REvil. Find out more about how we use your information in our privacy policy and cookie policy. It seems to me that too many companies focus on short-term financial gain over long term prospects: the amount of money they lose to ransomware gangs might only constitute a small fraction of total annual revenue. Yet another cyberattack by the infamous group Lapsus$, they have swept the cyber security world off its feet with the sheer number of attacks they have done. 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. They attack who they can, when they can. Considering Okta specializes in authentication, who knows how bad this breach has been. Great post! Companies will have to respond in some way to this, though how they do will be interesting to watch. CNN Business . The company initially notified individuals of the data breach, with an estimated 164 individuals affected. Great post! Third-party data breaches are becoming increasingly common as technology makes it easier for . All in all, I struggle to believe that companies are this consistently clueless, so there must be some greater method to their reactions. At the moment, Okta's CSO, David Bradbury, claims that only 366 clients, or 2.5% of their customer base, have potentially been impacted. Great post! "There is no evidence of ongoing malicious activity beyond the activity detected in January," it said. The security firm confirmed the hack after the suspected group behind it, Lapsus$, posted screenshots of Okta's apps and systems on Mar. This post highlights that cyber criminals are not constrained by limitations pertaining to the size and power of their targets. Its a little strange that they werent more responsible in letting their clients know about the breach especially considering how liable they are for their security. I would assume that there is no shame in admitting that they got hacked since it is starting to become a common occurrence all around the world. Following a breach of its systems in January, Okta has released a forensic report finding that the threat group Lapsus$ accessed just two active customers via a third-party company. Google Apps For Work Intros App Recommendations After Hitting 2 Million Paid Customer Milestone, Google Introduces New AI-Powered Text-to-Video, Language, and Writing Tools, Unlocked iPhones Can Now Have AT&T Free Trial Service, Thanks to Cricket App; 5G Access and Other Perks, McAfee Alerts Public of Mobile Malware Already Downloaded by 20M+ Users, World's Largest Plane Takes Its First Flight With a Hypersonic Vehicle, Artificial Intelligence Might Be Able To Treat Epilepsy, Parkinsons Disease, Australia's Cybercrime Reports Shot Up by 13% With Over 76,000 Complaints in a Year, #TechCEO Meet Rafaela Khouri, The Woman Behind B2B Construction Marketplace 'Sooper', Micron Begins Shipping of 1-Beta DRAM Chips With 15% Improved Power Efficiency, Tech Times Job Hunting Tips: 11 Sites to Help You Build Your Resume and Secure an Interview Right Now. A January cybersecurity incident at popular identity authentication provider Okta may have affected hundreds of the firm's . For example the cyber gang which attacked OKTA used the same old hacking method which involves MFA. 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 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/. The contractor employing the engineer, Sykes, part of the Sitel Group, said it was "confident there is no longer a security risk".

Why Is Climate Change Happening, Http Authorization Header Bearer Token Example, Validation Loss Not Decreasing, Burgundy Wine Crossword Clue, Titanic Bow And Stern Distance, Treasury Manager Job Description, Mui Datagrid Disable Cell Selection, Import Sklearn Python Jupyter Notebook, Skeletons In The Closet Sentence, Best Landscape Fabric Staples,