What Are The Twitter Whistleblower’s Allegations Against Company? – Yahoo Finance Uk

What are the Twitter whistleblower’s allegations against company? – Yahoo Finance UK

The anonymity of crypto comes in handy for regimes wanting to evade sanctions
He is one of the world’s most famous hackers and leading cybersecurity experts.
Now Peiter “Mudge” Zatko has become a whistleblower and submitted a string of allegations of repeated security violations by his former employer: Twitter.
Mr Zatko, 51, was the company’s head of security from November 2020 to January 2022. He was allegedly fired by CEO Parag Agrawal after he flagged the issues and began cooperating in a formal investigation with Twitter’s compliance officer.
Now he has given his findings to US regulatory agencies, which in turn have been shared with members of the US Congress.
In the document, Mr Zatko makes a string of allegations against Twitter, accusing the company’s top executives of violations of the Federal Trade Commission Act and Securities and Exchange Commission regulations.
He claims that the company has not been honest about privacy issues and data security and has been subject to major breaches by foreign governments.
It comes just weeks before Elon Musk’s legal showdown with Twitter as he tries to extricate himself from a $44bn deal to buy the company.
The entrepreneur has alleged that Twitter has not been honest about the number of fake or bot accounts on the platform.
Mr Zatko says in his documentation that the company has been “lying about bots” to Mr Musk and that an accurate account of those accounts would negatively impact the bonuses paid to senior executives.
Mr Zatko’s allegations were sent to the US Securities and Exchange Commission, the Bureau of Consumer Protection at the Federal Trade Commission, and the civil and antitrust divisions of the Justice Department, according to CNN.
In a statement to The Independent, a Twitter spokesperson said that Mr Zatko had been fired by the company for “ineffective leadership and poor performance.”
“What we’ve seen so far is a false narrative about Twitter and our privacy and data security practices that is riddled with inconsistencies and inaccuracies and lacks important context,” the statement says.
“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 will continue to be. “
These are the most serious allegations made against Twitter.
Mr Zatko claims that Twitter’s security issues were a matter of national security and that they hired two people he believes were agents of India’s government.
He alleges that the employees had “direct unsupervised access” to the company’s internal information.
In the documents, he says that the US government told the company in 2022 that at least one of their employees was working for a foreign intelligence agency.
He also says that before he became CEO, Mr Agrawal had supported Twitter’s expansion in Russia, despite the censorship and surveillance in the country.
This is one of the main issues in Mr Musk’s decision to walk away from his $44bn deal to buy the platform.
Twitter has claimed that just five per cent of its accounts are fake or bots, something that Mr Musk has claimed is inaccurate.
Mr Zatko claims that Twitter has been “lying” to the Tesla CEO about bots and that the real number is far higher than they have acknowledged.
He claims that the number comes from a sampling of a subset of accounts, known as “monetizable daily active users,” or mDAUs.
Twitter uses this data to let advertisers know how many people are looking at their ads, and it is designed to exclude bots.
He claims that top executives’ bonuses are linked to mDAUs and the real number of bots becoming public would “hurt the image and valuation of the company”.
Mr Zatko alleges that the company is “decades” behind companies like Google and Facebook in security protocols, and that while he was at the company it suffered a major security breach every single week.
He claims that too many Twitter employees have unnecessary access to internal systems and the company is vulnerable to phishing schemes by hackers.
In 2020, a teenager posed as a member of the company’s IT team and got access to credentials that allowed him to hack into the accounts of Barack Obama and Joe Biden to scale more than $100,000 in Bitcoin from users.
He also says that during the January 6 riots, he tried to limit access for employees to internal systems but was told that too many employees had irrevocable access and it could not be done.
Mr Zatko claims that former CEO Jack Dorsey suffered a “drastic loss of focus” in 2021, was only sporadically in meetings and was rumored to remain silent for “days or weeks”.
Mr Dorsey has said he has practiced Vipassana meditation, an ancient Buddhist meditation technique that can involve 10 days of silence.
He says in the disclosure that while in the job he received “little to no actual support for his task of fundamentally changing the risky behaviors of over 8,000 employees and the entire corporate culture.”
He also claims he was asked to downplay the extent of Twitter’s issues to the company’s board.
Mr Zatko says that he had a difficult relationship with Mr Agrawal, who previously oversaw security at the company.
He alleges that at Mr Agrawal’s first board meeting as CEO in 2021, Mr Zatko was concerned that Mr Agrawal would downplay the company’s issues and wrote to him that his presentation contained “numerous and some significant, misrepresentations.”
The following month, Mr Zatko says he emailed Mr Agrawal and told him that his presentation documents to the Risk Committee had been “at worst fraudulent.”
Mr Agrawal wrote back to him to say that the company had launched an investigation into his claim, and asked him to write a report to support his allegation.
Mr Zatko says that he was fired less than two weeks later before he had a chance to file the report. The CEO publicly stated that the decision to remove him was based on “an assessment of how the organization was being led and the impact on top priority work.”
The ripples of war spread fast. Over the course of the past six months, those ripples have travelled from Ukraine and affected politics around the world – but no more so than in Europe.
The company really does not need to take an excursion into high-leverage financial engineering
(Bloomberg) — The Chinese yuan’s slump to its weakest against the dollar in almost two years adds to what is already a precarious balancing act for Beijing, which is seeking ways to prop up its struggling economy without stoking financial instability.There’s opportunity in the falling exchange rate, which cushions exporters and provides an additional source of support as the People’s Bank of China lowers interest rates and as provincial governments borrow to fund infrastructure. Authorities hav
It comes amid a summer of significant industrial action as leading unions have raised worries over declines in real pay amid soaring inflation.
Elon Musk has spent months trying to get out of his $44 billion agreement to buy Twitter, saying the company has undercounted its fake and spam accounts
China's autumn harvest is under "severe threat" from high temperatures and drought, authorities have warned, urging action to protect crops in the face of the country's hottest summer on record.
Elon Musk has subpoenaed his friend and former Twitter chief executive Jack Dorsey as he tries to back out of his $44bn (£37bn) deal to buy the social media company, according to a court document. The Tesla chief – the richest man in the world – announced his plan to buy Twitter in April but is now battling to not buy it. Mr Musk and Twitter are currently headed for a court trial showdown on 17 October that is expected to determine if Twitter can force the billionaire to go through with the purchase.
Some versions of the same product can cost up to three and a half times more per unit at the same supermarket.
For the hotter days over the next few weeks, and possibly the hotter summers to come, it’s worth getting to grips with cost-effective ways to keep cool.
Global Electric Vehicles and Fuel Cell Vehicles Market Global Electric Vehicles and Fuel Cell Vehicles Market Dublin, Aug. 24, 2022 (GLOBE NEWSWIRE) — The "Electric Vehicles and Fuel Cell Vehicles: Global Markets" report has been added to ResearchAndMarkets.com's offering. This report discusses three future scenarios, that is, pessimistic, consensus, and optimistic; forecasts are provided for the consensus scenario. Power source (lithium-ion batteries and fuel cells) sales and values are provid
European Union countries should agree a cap on the price of gas imported from Russia to help ease the burden of rising prices on businesses and households, Italian Prime Minister Mario Draghi said on Wednesday. Draghi accused Russia of using gas supplies as a weapon against Ukraine and its European allies after its invasion six months ago, a charge Moscow denies. "The Italian government has pressed hard at the European level for a maximum ceiling on the price of Russian gas that we import," Draghi told a conference in the Italian town of Rimini.
The US sanctioned Tornado Cash over fears the 'mixer' platform aided North Korean hackers. The illicit funds flowing through Tornado Cash are just the tip of the iceberg and Pyongyang's exploitation of cryptocurrency mixers to aid the proliferation of its deadly arsenal is a growing threat. On this week's The Crypto Mile our host Brian McGleenon is joined by King Mallory, the director of the Centre for Global Risk and Security at the RAND Corporation, to discuss pariah states using crypto for violating sanctions. The cryptocurrency ecosystem is at a crossroads; whether to champion the anonymity and privacy provided by the creative algorithms of its brightest developers or acquiesce to the strong-arm tactics of government agencies, such as OFAC, the Office of Foreign Assets Control. Mallory warns that the window of opportunity for the crypto sector to self-regulate is closing and that major resources could soon be directed by the international community to crush crypto channels that allow sanctions evasion. Will crypto fold to the pressure and give in to the centralised authority, or will it be pushed to the margins by heavy-handed regulatory actions and eventually diminish into obscurity, far from the dream of mass adoption that has long been promised?
US new home sales fell sharply in July to their lowest rate since early 2016, the government reported Tuesday, as rising lending rates cool demand.
ZURICH (Reuters) -Richemont said on Wednesday it would not withdraw its recommendation that shareholders vote against the appointment of investor Bluebell Capital Partners' co-founder to the luxury goods firm's board, citing his links to rival LVMH Moet Hennessey Louis Vuitton. Richemont chairman Johann Rupert earlier this month called on shareholders to reject the appointment of Francesco Trapani at the shareholders' meeting on Sept. 7.
Restore law to Gotham, explore medieval Bavaria or skateboard like a pro… it’s all to play for in these new titles
PRAGUE (Reuters) -The Czech Republic, which holds the European Union's rotating presidency, is considering whether to call an emergency energy summit for the bloc to tackle soaring energy prices, including discussing price caps, a government minister said on Wednesday. The EU is facing a surge in energy prices to record highs, leaving governments scrambling to find ways to help households and businesses feeling the impact. "The market has gotten out of control to a certain extent, market volatility stops reacting to good news and only bad news accumulates and pushes prices up," Czech Industry Minster Jozef Sikela was quoted by CTK news agency as saying on Wednesday.
Sterling was steady against the dollar on Wednesday, holding above a 2-1/2 year low touched a day earlier after data added to signs that a recession may be looming in Britain. Sterling had touched its lowest on Tuesday since March 2020 after the purchasing manager's index (PMI) data showed growth in Britain's private sector slowing to a crawl in August, with factory output falling and the larger services sector ekeing out only a modest expansion. The figures added to signs that Britain's economy will shrink.
Global Autonomous Last Mile Delivery Market Global Autonomous Last Mile Delivery Market Dublin, Aug. 24, 2022 (GLOBE NEWSWIRE) — The "Autonomous Last Mile Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global autonomous last mile delivery market reached a value of US$ 12.36 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 46.48 Billion by 2
Malaysia's highest court Tuesday upheld former prime minister Najib Razak's 12-year jail sentence for corruption in the 1MDB financial scandal, a decision analysts said could slam the door to a political comeback.
The $1.7tn debt has become a hot political issues as midterm elections approach


Leave a Comment

Leave a Reply

Your email address will not be published.

$12.25M settlement reached in Ambry Genetics health data breach lawsuit – SC Media

Lawyers may be limiting threat info sharing – GCN.com

Cash-strapped hospitals may put off cybersecurity, Fitch warns – FierceHealthcare

Cybersecurity : IKOULA Adds ESET Solutions to Its Offer, to Strengthen Data Protection for Companies – Business Wire