TDR

Slack warns investors of future cybersecurity risks

Cloud-based work collaboration tool provider Slack warned investors of the risks posed by organized cybercrime and nation-state threat actors in a filing with the SEC.

The company warned that threats from these organizations including advanced persistent threat intrusions are a strong possibility considering that more than 600,000 organizations use the platform making it a prime target for malicious actors. As a result,  the company's cybersecurity posture could be a factor in how its stock performs.

“Increasingly, companies are subject to a wide variety of attacks on their systems on an ongoing basis,” the filing said, adding that threats from traditional computer “hackers,” malicious code as well as threats including employee theft or misuse, password spraying, phishing, credential stuffing, and denial-of-service attacks, add to the risks to Slack and its partners’ systems.

The company also expressed concern that its current security measures might not function as expected or even be sufficient enough to protect the firm’s internal systems and networks against certain attacks.

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