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

A single malicious social media post could trigger a stock market crash or allow cybercriminals to scam customers out of millions of dollars, Naveh Ben Dor, CEO and founder of Israeli cybersecurity company Spikerz, warned on the sidelines of Tel Aviv University's Cyber Week on Tuesday.Speaking to The Jerusalem Post, Ben Dor said social media accounts have become one of the most overlooked vulnerabilities in corporate cybersecurity, and companies often lack the tools to detect and prevent malicious activity on their official channels.Spikerz, which won the "CISO's Choice: Fire Pitch" competition during Cyber Week's main plenary session, aims to address that vulnerability by protecting companies' external digital assets, including social media accounts, advertising platforms, websites, and mailing lists.The company says it currently protects accounts with a combined following of more than 1.6 billion, serving clients worldwide, including professional sports teams, international brands, and celebrities."We protect anything that sits outside the perimeter," Ben Dor told the Post.According to the company, its technology identifies unusual activity on official corporate channels, removes malicious content, and helps secure compromised accounts.Ben Dor pointed to the 2013 hacking of the Associated Press's Twitter account by the Syrian Electronic Army, a pro-Syrian government hacking group, as an example of how a single false social media post can have far-reaching financial consequences.The compromised account published a false report…