10 Things in Tech: Okta engineer hack
Ready? Let's get started.
1. Okta confirmed a hack. The authentication service, which is used by thousands of companies, confirmed that a hacker had access to one of its engineers' laptops for five days in January, but says its service "has not been breached and remains fully operational."
- The confirmation comes after hacking group Lapsus$ posted screenshots claiming to be of Okta's internal systems to its Telegram account.
- In a blog post, Okta's chief security officer said an attacker would have had limited access during the five-day period, and that the potential impact to Okta customers is confined to the access that support engineers have (which he lists here).
- An Okta hack would have a massive impact on businesses worldwide, as the company touts Peloton, T-Mobile, and the FCC — as well as Insider — among its customers. The incident has put thousands of businesses on high alert, The Verge reports.
In other news:
2. Buzzfeed had a tumultuous day yesterday. The company announced it's laying off 1.7% of its workforce, and is asking for voluntary buyouts in its news division — prompting questions from furious staffers. Three of its top editors are leaving, and sources told CNBC that investors have pressured the CEO to shut down Buzzfeed's entire newsroom.
3. We read the book that VCs are raving about. In "The Power Law," author Sebastian Mallaby offers a deeply researched history of venture capital, covering the figures and forces shaping the industry. Read our 11 takeaways from "The Power Law."
4. Tesla's Berlin Gigafactory delivered its first vehicles yesterday. After a nearly nine-month delay, the Berlin-Brandenburg factory delivered 30 Model Y cars on its first day of production. More on that here.
5. The cofounder of Owner.com used this pitch deck to raise $15 million. Alex Guild, the 21-year-old founder who started the software firm for independent restaurants, wooed investors with this 20-page deck. (PS — check out other slides from companies like Uber and Airbnb in our full pitch deck library.)
6. Amazon has been dropped as a sponsor of the Seattle Pride Parade. Seattle Pride said it was cutting ties with the marketplace giant due to its "financial donations to politicians who actively propose and support anti-LGBTQIA+ legislation," among other things. More on that here.
7. Google's quantum "Sandbox" group is spinning out as an independent company. Now known as Sandbox AQ, the venture-backed SaaS business has secured funding from former Google CEO Eric Schmidt and Marc Benioff. Get the full rundown here.
8. Buy now, pay later loans like Affirm and Klarna will soon affect your credit score. Three major US credit bureaus, TransUnion, Equifax, and Experian, are starting to collect data on these purchases. For now, Experian will be the only one to count the loans toward — or against — credit scores. Here's what you need to know.
Odds and ends:
9. Want to buy an electric car to escape spiking gas prices? Good luck. The increasing price of gas has pushed many drivers to consider switching to an electric vehicle, but dealerships across the country are low on inventory, and the ones that are available are pretty pricey. What you need to know if you're on the hunt for an EV.
10. Spice up your Zoom meetings with an animal avatar. With Zoom's new Avatars feature, you can sign into your next meeting as a dog, fox, rabbit, or other animal that mimics your facial expressions. See how the filter works (and how to enable it).
What we're watching today:
- Tencent and others are reporting earnings today. Keep up with earnings here.
- The World Blockchain Summit kicks off today in Dubai.
- Business intelligence conference Domopalooza is happening today.
- The Paris Peace Forum is publishing its report on AI governance.
- How OnlyFans star Riley Reid plans to 'immortalize' herself using AI
- A leading supplement researcher says she doesn't take any — because she's getting what she needs from her vegan diet
- Mattel rolled out a Barbie to honor a late Cherokee Nation chief with a language error on the box that says 'chicken' instead of 'Cherokee'
- ICC Rankings: Ravi Bishnoi becomes world's No.1 T20I bowler
- Adani Group to invest USD 75 bn to scale up AGEL's RE portfolio to 45 GW: Gautam Adani
- Air India rejigs 250-aircraft Airbus order
- Retail trumps corporate lending as small-ticket loans see fourfold jump in past two years
- Exploring the nutritional marvel of Gond laddu: A winter delight