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Benzinga

Business

Anusuya Lahiri

Why Are Okta Shares Trading Lower Today

Okta Nasdaq

Authentication services company Okta Inc (NASDAQ:OKTA) investigated a digital hack, Reuters reports.
The ransom-seeking hackers known as LAPSUS$ had posted screenshots on their Telegram channel, claiming them as Okta's internal company environment.
Thousands of other companies rely on Okta to manage access to their networks and applications.
LAPSUS$ also claimed to have leaked the source code for Bing, Cortana, and other projects from Microsoft Corp's (NASDAQ:MSFT) internal Azure DevOps server, Bleeping Computer reports.
The projects appear to be for web-based infrastructure, websites, or mobile apps, released with no source code for Microsoft desktop software, including Windows, Windows Server, and Microsoft Office.
LAPSUS$ said it contained 90% of the source code for Bing and 45% of the code for Bing Maps and Cortana. Their uncompressed archive had 37GB of source code allegedly belonging to Microsoft.
LAPSUS$ has disclosed numerous cyberattacks against large companies, with confirmed attacks against NVIDIA Corp (NASDAQ:NVDA), Samsung Electronics Co Ltd (OTC:SSNLF), Vodafone Group PLC (NASDAQ:VOD), Ubisoft Entertainment (OTC:UBSFY), and MercadoLibre Inc (NASDAQ:MELI).
Price Action: OKTA shares traded lower by 9.10% at $154.00 in pre-market on the last check Tuesday.

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