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The security breach of Okta, a company that provides identity-management software, was larger than initially believed.

More than five weeks after Okta
I informed customers about the breach that occurred in September.

In a blog post on Wednesday, David Bradbury, the chief security officer of the company, reported that hackers had obtained data from all users of their customer support system.

The company’s admission is a significant change from their previous statement that the incident only affected less than 1% of users.

MGM Resorts International is currently addressing problems following a recent cyberattack.

The changes occurred following the actions of major casino companies. and their customer data was stolen

Caesar’s Entertainment and MGM Resorts experienced a security breach resulting in the theft of their customers’ data.

Hackers have successfully manipulated workers into resetting the multifactor authentication for Okta administrator accounts through social engineering.

Okta is utilized by major corporations like FedEx, Hewlett Packard, T-Mobile, and Paramount (parent company of CBS News) to safeguard entry to their technology platforms.

According to Okta, they have approximately 17,000 clients and oversee approximately 50 billion users as of March.

Okta’s stock price dropped 2.5% to $70.77 on Wednesday.

According to IBM, the average cost of a data breach in the United States has increased by over 15% this year, reaching $4.5 million compared to last year’s $3.9 million.

Ransomware attacks
The occurrence of cybercrimes, including other forms, has significantly increased in the past few years, with a specific focus on businesses utilizing cloud computing services for data storage.

Kate Gibson