Why Okta Stock Just Dropped
Early this morning, Reuters reported that cloud-based cybersecurity company Okta (NASDAQ: OKTA) was hacked by the now-infamous Lapsus ransomware group (aka "LAPSUS$" aka "LAPSU$"). Okta investors are understandably upset, and shares of the company's stock are down 4.1% as of 10:50 a.m. EDT.
As Reuters reports, "[T]he scope of the hack is unknown, but it could have major consequences because thousands of companies rely on San Francisco-based Okta to manage access to their networks and applications."
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Source Fool.com
