Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Twitter Misled Investors, has Major Security Problems - Whistleblower Zatko Warns

Published 2022-08-23, 08:06 a/m
© Reuters.

By Senad Karaahmetovic 

Peiter "Mudge" Zatko, who used to be the head of security at Twitter (NYSE:TWTR), accused the social media giant of having major security issues, CNN and The Washington Post report.

These issues pose a significant threat to Twitter’s users, shareholders, as well as the national security of the U.S., Zatko claims. His disclosure was sent to Congress and federal agencies last month.

Zatko claims Twitter’s oversight system is weak as too many people have access to central controls and sensitive information. He also accused senior executives of covering up the company’s weaknesses. The whistleblower went as far as accusing one or more current employees of having connections to a foreign intelligence service.

Due to the apparent security issues, Twitter is vulnerable to spying, manipulation, hacking, and disinformation campaigns, Zatko added. For instance, the whistleblower claims Twitter isn’t deleting users’ data after they delete their accounts.

He also discussed the bot issue, which is central to Elon Musk's attempts to get out of the agreed $44 billion deal to buy the social media business. Zatko claims Twitter’s management has no capacity or motivation to truly understand the number of bots.

The whistleblower, who was hired by the former CEO Jack Dorsey, was fired by Twitter earlier this year due to alleged poor performance. Zatko, on the other hand, claims he attempted to convince the management the company is experiencing serious security issues.

"Mr. Zatko was fired from his senior executive role at Twitter for poor performance and ineffective leadership over six months ago," the Twitter spokesperson told CNN.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

“Mr. Zatko's allegations and opportunistic timing appear designed to capture attention and inflict harm on Twitter, its customers and its shareholders. Security and privacy have long been company-wide priorities at Twitter and we still have a lot of work ahead of us."

Zatko’s representatives told CNN that their client has not been in contact with Elon Musk.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.