I think everyone here remembers Okta's scandalous security issues. Back then, Okta lost over $6B in one go after revealing the breach, and then another $2B following yet another scandal (https://www.benzinga.com/opinion/24/09/40884059/oktas-costly-cyber-security-failures-a-60-million-lesson-in-transparency)
The biggest one was in 2021, when it was revealed that Okta employees could access customer data from their home laptops. Then LAPSUS wrote that they had gained access to Okta’s systems and could change passwords. For me, this is where Okta's ended.
But it didn’t end there for Okta. It also faced breaches affecting thousands of customers in 2022 and 2023 (https://www.reuters.com/technology/cybersecurity/okta-says-hackers-stole-data-all-customer-support-users-cyber-breach-2023-11-29/). What I really can't get is how Okta is still on the market with such problems. Is this some kind of annual event, are we expecting another breach this year?
And with OKTA down 35% since then, any investors still holding on? Or how bad are your losses?
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