The Fundamental Mistake in Cybersecurity Risk Management
Release Date: 03/21/2026
The Fundamental Mistake in Cybersecurity Risk Management
Cybersecurity Today
Cybersecurity Isn’t Managing Risk—It’s Managing Threats... And That's the Problem Host David Shipley speaks with Jeff Gardiner, a former university CISO and now at Morgan Stanley, about Gardiner’s doctoral research arguing that cybersecurity has structurally misclassified “risk management” as threat management. Gardiner explains that real risk is an expected loss calculation (impact × likelihood), while many cybersecurity frameworks and training emphasize vulnerabilities, exploitability, and system configuration without likelihood or business impact. He describes examples...
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FBI Seizes Iran-Linked Handala Leak Site After Stryker Intune Wipe Attack: Cybersecurity Today
Cybersecurity Today
FBI Seizes Iran-Linked Handala Leak Site After Stryker Intune Wipe Attack; Apple iPhone Exploit Patch; North Korean Fake IT Workers Grow Cybersecurity Today would like to thank Meter for their support in bringing you this podcast. Meter delivers a complete networking stack, wired, wireless and cellular in one integrated solution that's built for performance and scale. You can find them at Meter.com/cst The episode reports that the FBI has seized the data leak site used by the Iran-linked hacktivist group Handala, which has been widely linked to the Stryker attack where attackers...
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Another Medical Device Firm Hit
Cybersecurity Today
Medical Device Breaches, Anti-Scam Pledge Scrutiny, AI Font Trick, and Iran-Linked Cyber Updates. Cybersecurity Today would like to thank Meter for their support in bringing you this podcast. Meter delivers a complete networking stack, wired, wireless and cellular in one integrated solution that's built for performance and scale. You can find them at Meter.com/cst The episode covers several cybersecurity stories: Intuitive Surgical disclosed a March 12 phishing-led intrusion where stolen credentials enabled access to its internal administrative network and data theft...
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Notorious Hacker Group "The Comm," Operation Synergia Takedown, Stryker Cyberattack Update & More
Cybersecurity Today
Alleged Canadian ‘The Comm’ Hacker Arrested, Interpol’s Operation Synergia Takedown, Stryker Cyberattack Update and more.. Cybersecurity Today would like to thank Meter for their support in bringing you this podcast. Meter delivers a complete networking stack, wired, wireless and cellular in one integrated solution that's built for performance and scale. You can find them at Meter.com/cst Host David Shipley covers new details on the alleged takedown of “Waifu,” a Canadian hacker tied to the cybercrime group The Com, after a harassment campaign against investigator Allison...
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AI Anxiety: Cybersecurity Today with Special Guest Krish Banerjee, Managing Director (Partner) & Canada Lead - Data & AI - Accenture
Cybersecurity Today
Gemini in Google Workspace, Agentic AI, and Managing AI Anxiety (with Accenture’s Krish Banerjee) Cybersecurity Today would like to thank Meter for their support in bringing you this podcast. Meter delivers a complete networking stack, wired, wireless and cellular in one integrated solution that's built for performance and scale. You can find them at Meter.com/cst In a special edition of Project Synapse shared with Cybersecurity Today, host Jim Love and co-host John Pinard (a VP and CSO at a Canadian financial institution) speak with Krish Banerjee, Accenture’s managing...
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AI Agent Hacks McKinsey Chatbot in 2 Hours
Cybersecurity Today
AI Agent Hacks McKinsey Chatbot in 2 Hours, NPM Phantom Raven, Router Malware & Trojaned AI Models This episode covers how researchers at CodeWall used an autonomous AI security agent to gain read/write access to McKinsey’s internal chatbot Lilli database in about two hours by chaining exposed APIs and an SQL injection, potentially exposing 46.5 million chats, 728,000 files, 57,000 accounts, and 95 system prompts, with McKinsey saying the issues were fixed and no unauthorized access was found. It also reports on the Phantom Raven supply-chain campaign that published 88 malicious NPM...
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Cyber Security Today Special Report: Attack from Iran
Cybersecurity Today
This includes our regular Wednesday/Thursday segment but with an update from this breaking story on the attack on a large US medical company.
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Fake Claude Code Installs, Arpa Phishing, Iranian and Russian Teams Mount Cyber Retaliation
Cybersecurity Today
Fake Claude Code Installs, Arpa Phishing, Zombie ZIP Malware Evasion, and Iran/Israel Cyber Retaliation This episode covers four major security stories: the “InstaFix” campaign using Google sponsored ads and cloned Claude Code install pages to trick developers into pasting terminal commands that deploy the TeraStealer credential-stealing malware; a phishing technique abusing the special-use .arpa domain and IPv6 reverse DNS to evade email and domain-based defenses, using attacker-controlled DNS zones, traffic distribution systems, and lures like surveys and account notices; the “Zombie...
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Coruna iOS Exploit Kit Goes Mass-Market: Cybersecurity Today for March 9, 2026 with David Shipley
Cybersecurity Today
Coruna iOS Exploit Kit Goes Mass-Market, FBI Wiretap Platform Breach Probe, Windows Terminal ClickFix, and Iran-War Cyber Escalation This episode covers several major cybersecurity developments: Google’s Threat Intelligence Group details Coruna, a sophisticated iOS exploit kit with 23 exploits and multiple chains affecting iOS 13–17.2.1, shifting from targeted surveillance use to cryptocurrency-scam distribution and a PlasmaLoader payload aimed at stealing wallet data. The FBI is investigating suspicious activity involving its Digital Collection System Network used to support wiretaps and...
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Cybersecurity Today Month in Review: World In Turmoil
Cybersecurity Today
Cybersecurity Today Month in Review: Iran Conflict Cyber Spillover, IoT Cameras, AI Hacking Tools, and Resilience Planning In this weekend month-in-review episode, host Jim Love and panelists David Shipley, Laura Payne, Neil Bisson, and Chris “CJ” Johnson discuss cyber and infrastructure impacts tied to the US/Israel–Iran conflict, including reported compromise of traffic camera networks for targeting, Iran’s defensive internet shutdown, propaganda via a hacked prayer app, and GPS/AIS spoofing that misdirected ships in the Strait of Hormuz, raising oil and helium supply-chain concerns....
info_outlineCybersecurity Isn’t Managing Risk—It’s Managing Threats... And That's the Problem
Host David Shipley speaks with Jeff Gardiner, a former university CISO and now at Morgan Stanley, about Gardiner’s doctoral research arguing that cybersecurity has structurally misclassified “risk management” as threat management.
Gardiner explains that real risk is an expected loss calculation (impact × likelihood), while many cybersecurity frameworks and training emphasize vulnerabilities, exploitability, and system configuration without likelihood or business impact. He describes examples where teams labeled unlikely issues as “extremely high risk,” discusses interviews where leaders universally expect cybersecurity staff to be risk managers, and cites findings that only about 11% of cybersecurity professionals actually perform risk calculations. Gardiner outlines a practical approach using qualitative likelihood and impact scales, prioritization, and clearer business framing, and notes ongoing discussions with NIST to improve the NICE framework.
Cybersecurity Today would like to thank Meter for their support in bringing you this podcast. Meter delivers a complete networking stack, wired, wireless and cellular in one integrated solution that's built for performance and scale. You can find them at Meter.com/cst
00:00 Sponsor Message
00:19 Meet Jeff Gardiner
01:51 Career Journey Origins
03:23 TLS Risk Epiphany
05:06 What Is Compute Canada
06:38 Risk Versus Threat
08:35 Why Labels Matter
11:13 Likelihood And Impact
12:26 Teaching Risk Qualitatively
15:29 Why Prioritize Risk
20:36 Training Frameworks Flaw
25:13 Research Frustrations
25:51 Risk Management Wins
26:44 Why CISOs Burn Out
27:43 Speaking Executive Risk
29:22 Teach Risk Broadly
31:36 Biases and Better Judgments
35:17 Sexy Scary vs Real Risk
36:12 Convincing the Room
39:15 Start Simple Frameworks
41:36 Risk Quadrants and Delegation
45:30 Mentorship and NIST V3
47:57 Wrap Up and Sponsor