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On October 20, 2023, Barron’s published an article titled: “Okta Stock Drops After Hacker Gains Access to Support System.” According to the article, “Okta says a hacker used a stolen credential to access its support system.” In an online post, the Okta’s Chief Security Officer stated, “The threat actor was able to view files uploaded by certain Okta customers as part of recent support cases.” Following this news, shares of Okta fell by over 11% on the same day.