A single social media hack could cost millions, Spikerz warns at TAU Cyber Week - interview

Naveh Ben Dor, CEO of Israeli cybersecurity firm Spikerz, warned at Tel Aviv University's Cyber Week that a single malicious social media post could cost millions or trigger a stock market crash. Speaking to The Jerusalem Post, he highlighted overlooked vulnerabilities in corporate social media accounts, citing the 2013 AP Twitter hack and risks from former employees and ungoverned AI agents.

Naveh Ben Dor, CEO and founder of Israeli cybersecurity company Spikerz, warned at Tel Aviv University's Cyber Week that a single malicious social media post could cost millions or trigger a stock market crash. Speaking to The Jerusalem Post, Ben Dor said social media accounts are one of the most overlooked corporate cybersecurity vulnerabilities. Spikerz, which won the 'CISO's Choice: Fire Pitch' competition at the event, protects external digital assets including social media, advertising platforms, websites, and mailing lists, covering accounts with a combined following of over 1.6 billion. Ben Dor cited the 2013 hacking of the Associated Press's Twitter account by the Syrian Electronic Army, which published a false White House attack report and caused a $130 billion market decline. He also described a client whose Instagram account was compromised after an employee fell for a phishing attack, leading to a cryptocurrency scam. Additional risks include former employees retaining account access and ungoverned AI agents; Ben Dor mentioned a case where an AI misdirected $2.2 million in ad campaign budget.