Why Are Okta Shares Trading Lower Today

Authentication services company Okta Inc OKTA investigated a digital hack, Reuters reports.
The ransom-seeking hackers known as LAPSUS$ had posted screenshots on their Telegram channel, claiming them as Okta's internal company environment.
Thousands of other companies rely on Okta to manage access to their networks and applications.
LAPSUS$ also claimed to have leaked the source code for Bing, Cortana, and other projects from Microsoft Corp's MSFT internal Azure DevOps server, Bleeping Computer reports.
The projects appear to be for web-based infrastructure, websites, or mobile apps, released with no source code for Microsoft desktop software, including Windows, Windows Server, and Microsoft Office.
LAPSUS$ said it contained 90% of the source code for Bing and 45% of the code for Bing Maps and Cortana. Their uncompressed archive had 37GB of source code allegedly belonging to Microsoft.
LAPSUS$ has disclosed numerous cyberattacks against large companies, with confirmed attacks against NVIDIA Corp NVDA, Samsung Electronics Co Ltd SSNLF, Vodafone Group PLC VOD, Ubisoft Entertainment UBSFY, and MercadoLibre Inc MELI.
Price Action: OKTA shares traded lower by 9.10% at $154.00 in pre-market on the last check Tuesday.