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The effect of supply chain hacks?
Reuters reports that Okta informed customer yesterday that the hack that targeted firm between September 28, 2023 to October 17, 2023 stole information on all users of its customer support system, not the 1% of customers the company had previously reported. How will this play out for the firm? One suspect that the SEC maybe taking a closer look at fillings and material risks of the company. As the firm seems to be the target of a sustained cyber campaign. Oktas shares lost some ground yesterday.
One wonders the effect on its customers, when one considers the recent hacks against MGM and Caesars. While not attributed to Okta, demonstrate the challenges of cybersecurity risk management.
Ted Dziekanowski Brian D. McCarthy
#cybersecurity #cyberriskmanagement #securitiesandexchangecommission
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