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Okta Faces Investor Suit Over Data Breach  

Identity and access management provider Okta has been hit with a proposed shareholder class action lawsuit that claims the company withheld information about a January 2022 data breach. So reports Law360.

oktaAccording to the complaint in Delaware federal court, the hacking group known as Lapsus$ was able to cause the breach because Okta had not imposed adequate safeguards.

The lawsuit further claims that Okta withheld information about its merger with a competitor. Okta didn’t immediately respond to Law360’s request for comment.

Read the full article from Law360.

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