Hub Cyber Security Suspects Former Senior Executive of Fraud

Hub Cyber Security Ltd. is investigating allegations that a former senior executive defrauded the company of ILS 2.5 million ($684,000), the company says in a filing.

• The Israel-based company’s board of directors sets up a special committee to study “certain allegations of potential misappropriation and other potential fraudulent actions raised against a former senior officer of the company”
• The filing doesn’t name the suspect. Israeli media identifies him as former Chief Executive Officer Eyal Moshe, who was replaced earlier this year ahead of a SPAC merger and listing on Nasdaq
• The allegations emerged with the appointment of new management, ...