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WORK

Slack Technologies

$33.01

-0.45 (-1.34%)

10:39
07/18/19
07/18
10:39
07/18/19
10:39

Slack resets passwords for 1% of its users because of 2015 hack

Slack published details about a password reset operation related to the company's 2015 security breach. In a statement on its website, Slack said it is resetting passwords for approximately 1% of Slack accounts. The company said: "This announcement affects you only if you: created your account before March 2015, AND have not changed your password since, AND your account does not require logging in via a single-sign-on provider. In other words, if you're one of the approximately 99% who joined Slack after March 2015 or changed your password since then, this announcement does not apply to you." Slack explained: "In 2015, unauthorized individuals gained access to some Slack infrastructure, including a database that stored user profile information including usernames and irreversibly encrypted, or "hashed," passwords. The attackers also inserted code that allowed them to capture plaintext passwords as they were entered by users at the time. Immediately following the incident, we reset passwords for the small number of Slack users we confirmed to be affected... Today we are resetting passwords for all accounts that were active at the time of the 2015 incident, with the exception of accounts that use SSO or with passwords changed after March 2015. We have no reason to believe that any of these accounts were compromised, but we believe that this precaution is worth any inconvenience the reset may cause. However, we do recognize that this is inconvenient for affected users, and we apologize." Reference Link

WORK Slack Technologies
$33.01

-0.45 (-1.34%)

07/16/19
FBCO
07/16/19
INITIATION
Target $40
FBCO
Neutral
Slack Technologies initiated with a Neutral at Credit Suisse
Credit Suisse analyst Brad Zelnick started coverage of Slack Technologies with a Neutral rating and $40 price target. The analyst appreciates Slack's transformative approach to collaboration and vibrant software ecosystem, but believes its future success is largely reflected in the current share price.
07/16/19
07/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Fiat Chrysler (FCAU) initiated with a Sell at Goldman Sachs. 2. Slack Technologies (WORK) initiated with an Overweight at KeyBanc, an Equal Weight at Morgan Stanley, and a Neutral at Goldman Sachs as well as Credit Suisse. 3. Baytex Energy (BTE) initiated with an Outperform at Credit Suisse. 4. TowneBank (TOWN) assumed with a Neutral at Piper Jaffray. 5. Vermilion Energy (VET) initiated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/19
SBSH
07/17/19
INITIATION
Target $39
SBSH
Neutral
Slack Technologies initiated with a Neutral at Citi
Citi analyst Walter Pritchard started Slack Technologies (WORK) with a Neutral rating and $39 price target. Both Microsoft (MSFT) and Alphabet (GOOGL) see the productivity and collaboration software category as a strategic imperative and are investing, which will keep competitive pressure on Slack, Pritchard tells investors in a research note.
07/17/19
07/17/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. PagSeguro Digital (PAGS) initiated with an Outperform at Evercore ISI. 2. Opera (OPRA) initiated with a Buy at B. Riley FBR. 3. Slack Technologies (WORK) initiated with a Neutral at Citi. 4. Jones Lang LaSalle (JLL) reinstated with an Overweight at JPMorgan. 5. Allison Transmission (ALSN) initiated with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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