Video game chat and communications company Discord says official ID photos of around 70,000 of its users have potentially been leaked following a cyber attack.
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Personal Information
The company, which is reportedly considering an IPO and has over 200 million users, said hackers had targeted a firm that helped it to verify people’s ages. It insisted, according to a BBC article, that the Discord platform had not been breached.
The leaked data may involve personal information, partial credit card details and messages that were exchanged with Discord’s customer service agents. However, more encouragingly, no full credit card details or passwords were leaked.
All impacted users have been contacted and Discord is working with law enforcement to investigate the matter, it added.
The platform said it has revoked the customer support provider’s access to the system that was targeted in the breach. However, it did not name the company involved.
Although a blow to its reputation particularly ahead of an IPO, this is the latest example of a high-profile company being hit by a cyber attack. Others in recent weeks include Japanese brewer Asahi (ASBRF) and Microsoft (MSFT).
Discord Dreams
Earlier this year it was reported that Discord was in early chats with banks about an IPO.
The finer details of a potential offering were unknown, meaning traders don’t know when it will take place or what the potential price range for Discord shares will be. What traders do know is Discord was valued at more than $15 billion in 2021 after rejecting a $12 billion takeover bid from Microsoft.
Discord serves a huge market with 3.2 billion gamers around the world, which has created a $455 billion industry as of 2024. Discord currently only captures a fraction of that market but it wants to grow while also extending its appeal to a wider audience outside of gaming. This has already attracted retail and crypto traders to the platform.
The IPO market also seems to be more alive than it has been for some time following some high-profile listings in recent weeks such as fintech Klarna (KLAR) and design platform Figma (FIG).
What Other IPOs Could Be on the Way?
Let’s take a look at some other potential upcoming IPOs with our TipRanks IPO calendar.
