Okta cybersecurity breach wipes out more than $2 billion in market cap

L4sBot@lemmy.worldmod to Technology@lemmy.world – 179 points –
Okta cybersecurity breach wipes out more than $2 billion in market cap
cnbc.com

Okta cybersecurity breach wipes out more than $2 billion in market cap::Okta shares continued their fall Monday after the company said client files had been accessed by an unknown hacker, the latest attempt involving the company.

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It is very common in enterprise environments. If you configure sign in via SAML, OIDC, OAUTH2 youd at least come across documentation for it.

Why? I've configured these for our enterprise software and I only heard about this garbage company from their job listings on LinkedIn

Honestly no idea what the selling point is. I imagine its somewhere akin to duo where there are added management features like bypass codes and manual MFA pushes that you don't get with azure. Maybe people went there early after adfs, just speculating