Senior Twitter executives deceived regulators — and the company’s own board — about lax security standards and its efforts to fight spam bots, according to an SEC complaint filed …
executives deceived regulators — and the company’s own board — about lax security standards and its efforts to fight spam bots, according to an SEC complaint filed by the social network’s former head of security.
Twitter fired Peiter “Mudge” Zatko in January 2022, a little more than a year after he was hired in November 2020 as head of security. The exec claims his termination was in retaliation for his refusal to stay quiet about the company’s vulnerabilities. Last month, Zatko filed a complaint with the SEC accusing Twitter of misleading shareholders, alleging it failed to disclose “extreme, egregious deficiencies” in its security practices to investors. He also alleged in an FTC complaint that the company violated a 2010 agreement with the agency to protect user data.
The allegations have implications for Elon Musk’s current legal battle with Twitter. The billionaire is now trying to back out of his $44 billion deal to buy Twitter, in large part because the company misled him about the scale of bots and fake accounts on the service, Musk alleges. Lawyers for Musk have issued subpoenas for Twitter documents from former execs,
, hoping to unearth evidence that the company understated the problem of spam bots and fake accounts, which Twitter has for years said is estimated to be under 5% of its total reported user base.“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,” a Twitter rep said in a statement. “Mr.
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