Okta slides 9% after report of hack

Shares of Okta are down 9%, or $7.73, to $77.73 in afternoon trading after noted security expert Brian Krebs said on his blog that the company had suffered a hack. Okta says the incident affected a “very small number” of customers, but it appears the hackers responsible had access to Okta’s support platform for at least two weeks before the company fully contained the intrusion, according to Krebs’ KrebsOnSecurity blog. In an advisory sent to some customers on October 19, Okta said it “has identified adversarial activity that leveraged access to a stolen credential to access Okta’s support case management system. The threat actor was able to view files uploaded by certain Okta customers as part of recent support cases,” Krebs reported.