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MDB Stock: MongoDB Falls On Alerts Customers About Security Incident

MMS Founder

Posted on mongodb google news. Visit mongodb google news

MDB stock traded lower Monday after database software company MongoDB (MDB) said it was investigating a security incident involving unauthorized access to some of its internal corporate systems.

In an alert posted late Friday, MongoDB told customers it was “actively investigating a security incident involving unauthorized access to certain MongoDB corporate systems, which includes exposure of customer account metadata and contact information.”

The company said in a subsequent update that it had not identified any security vulnerability in its MongoDB database products. The MongoDB Atlas product used by customers has a separate authentication system from its corporate system, the company alert said.

But the company said it is aware of “unauthorized access to some corporate systems.” Those systems include customer names, phone numbers and email addresses. For one customer, MongoDB said it uncovered unauthorized access to system logs. MongoDB said the company notified that customer.

“At this time, we are not aware of any exposure to the data that customers store in MongoDB Atlas,” the company said in a Saturday alert. “Nevertheless, we recommend that customers be vigilant for social engineering and phishing attacks, activate phishing-resistant multifactor authentication, and regularly rotate their MongoDB Atlas passwords”

On the stock market today, MDB stock shed 1.5% to 413.89 in recent trades.

MDB Stock: Company Says Investigation Ongoing

Further, MongoDB said it is still investigating the incident and “working with relevant authorities.” It first detected suspicious activity on Dec. 13.

MongoDB provides database software for more than 46,000 customers, according to its website.

Meanwhile, MDB stock has been on the rise this year. Shares have gained 113% heading into trading Monday. The action early Monday pushed MDB stock below a cup-with-handle entry point of 412.67, according to MarketSmith. Shares had pushed past that point late last month.

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Article originally posted on mongodb google news. Visit mongodb google news

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