Okta shares continued to slump Monday, closing down more than 8% after the company disclosed that an unidentified hacking group had accessed client files through a support system.
More than $2 billion in market cap has been wiped out since the company acknowledged the hack Friday.
Okta makes identity management solutions and is a high-profile target for hackers, which have penetrated Okta's customers in a spate of material hacks.
Okta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems Friday. The high-profile incident is the latest in a string of incidents that have been tied to Okta or its products, including a spate of intrusions at casinos that crippled Las Vegas hotel rooms for days.
Okta shares slumped more than 11% Friday after the company said an unidentified hacking group was able to access client files through a support system. The company did not provide more details beyond a set of technical identifiers.