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Slack warns investors about possible cyber attacks

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As it became known in early 2019, the company Slack is going to go public and has already confirmed the application for an IPO. In preparation for this event, the company has prepared documents for the Securities and Exchange Commission.

One of the main risks for Slack and its future investors were cyber attacks and even “government hackers”. It should be noted that companies rarely include such threats in the list of risks, but it makes sense for Slack, which bears responsibility for the confidentiality of customer data to its customers.

Among cyber threats that could pose a risk to her business, Slack listed “common computer hackers”, “malicious code (such as malware, viruses, worms, and extortionate software),” “office theft and abuse”, “password spraying”, “ phishing, denial-of-service attacks, and credential stuffing (brute force credentials using a malicious database).

In addition, Slack management believes that the company can be targeted by “government hackers” who pose one of the most serious threats, both for the company and its clients, and for investors. Given that Slack is one of the most popular tools for teamwork, and it is used in many large companies, the interest of “government hackers” in it can be quite explicable.

 “Despite the considerable efforts that we put into creating protective barriers against such threats, it is practically impossible to reduce these risks to a minimum, especially when they are related to the behavior of third parties that we do not control,” reports Slack in a report to the Commission on Valuable securities and stock exchanges.