Three Buddy Problem

Security Conversations

The Three Buddy Problem is a popular Security Conversations podcast that goes beyond industry talking points to discuss what others won’t -- nation-state malware, attribution, cyberwar, ethics, privacy, and the messy realities of securing computers and corporate networks. Hosted by three veteran security pros -- journalist Ryan Naraine and malware paleontologists Costin Raiu and Juan Andres Guerrero-Saade -- the weekly show attracts a highly engaged audience of security researchers, corporate defenders, CISOs, and policymakers. Connect with Ryan on Twitter (Open DMs).

  1. 9h ago

    Bruce Dang on Calif, iOS Exploit Chains, AI Hacker Takeover

    (Presented by TLPBLACK: A cybersecurity intelligence platform focused on sharing curated, high-sensitivity threat insights and research with trusted security professionals.) Three Buddy Problem - Episode 120: Calif's Bruce Dang joins the buddies to cover why his shop refuses to sell a $50 million iPhone exploit chain, the March 2026 moment Mythos started finding real bugs, Lockdown Mode and MIE bypasses, hallucinated crash logs, and why verification is now the real bottleneck. Plus, Google Project Zero drops a 30-day disclosure deadline mid-show, and the conversation swings to AI-written patches, careers for new hackers, Calif's plan to be the TSMC of hacking, Jensen Huang's exit from Nvidia, and where all the GReAT APT reports went. Cast: Juan Andres Guerrero-Saade, Ryan Naraine and Costin Raiu. Timestamps: 0:00 Introductory banter 2:18 What is Calif? Why burn expensive zero-days? 16:04 OpenAI's Daybreak Red and the future of pen-testing 18:46 March 2026: the first look at Mythos 30:03 Why iPhones are still hard to hack 33:48 BFU persistence, daily reboots, and Lockdown Mode 44:35 Breaking Apple's MIE on the M5 54:50 Bruce's SMB bug workflow and hallucinated crash logs 1:09:11 AI reverse engineering and the future of IDA and Binary Ninja 1:20:10 Patch floods, patch quality, and Rust 1:43:09 Teaching malware analysis when AI does the reversing 1:57:04 Breaking: Project Zero moves to 30-day disclosure 2:06:29 Careers, hiring, and the TSMC of hacking 2:22:24 Nvidia, AI power concentration, and the six-month window 2:42:01 Where are the great APT reports? Shoutouts

    Bruce Dang on Calif, iOS Exploit Chains, AI Hacker Takeover
  2. Oct 30

    The Great Binance $6.34 Billion Crypto Heist

    (Presented by TLPBLACK: A cybersecurity intelligence platform focused on sharing curated, high-sensitivity threat insights and research with trusted security professionals.) Three Buddy Problem - Episode 118: On the show this week, the buddies dig into the $6.34 billion Binance heist, the largest crypto hack ever, walking through its multi-chain laundering, the North Korea fingerprints, and whether offensive AI quietly helped pull it off. Plus, thoughts on Sam Altman's swipe at local hardware, the PHP2Shell "cannonball," why defenders keep hitting guardrails while GLM-5.3 happily does the work, a trojanized Claude Code extension, Apple's fresh spyware alerts, and Volt Typhoon's Silent Train. Cast: Juan Andres Guerrero-Saade, Ryan Naraine and Costin Raiu. Timestamps: 0:00 Introductory banter 3:46 CTI training & the AI model stack 8:03 The $6.34B Binance hack: the largest crypto heist ever 12:40 Inside the multi-chain laundering 18:23 Sam Altman & the AI hardware crunch 20:44 Root cause: a compromised DevOps laptop 23:43 Did AI help pull it off? 31:22 Who actually loses six billion dollars? 44:00 Crypto as a financial instrument 51:04 Can it get bigger? Hardware-wallet implants 57:04 Attribution, "misalignment" & is Binance Chinese? 1:10:00 Cash, privacy & the Mt. Gox lesson 1:22:12 PHP2Shell: dodging the cannonball 1:30:52 AI for defense & the productization gap 2:09:32 GLM-5.3, the refusal trap & open weights 2:32:26 Apple spyware alerts & Silent Train

    The Great Binance $6.34 Billion Crypto Heist
  3. Oct 18

    Who's Hacking Supermarket Fridges in France?

    (Presented by TLPBLACK: A cybersecurity intelligence platform focused on sharing curated, high-sensitivity threat insights and research with trusted security professionals.) Three Buddy Problem - Episode 116: This week, the buddies dig into a mystery hack that cooked French supermarket fridges, cyberattacks against food supply networks, and why this smells like nation-state sabotage in Europe? Plus, a fresh Ivanti zero-day chain, Anthropic's self-replicating IoT research and defender-hostile guardrails, Citizen Lab's AdFection spyware-by-ads exposé, Calif's iPhone exploit drops at Hexacon, Grok's surprising enterprise adoption, and spy chips stuffed inside Ledger wallets. Cast: Juan Andres Guerrero-Saade, Ryan Naraine and Costin Raiu. Timestamps: 0:00 Introductory banter 1:35 Virus Bulletin 2026 in Seville 6:13 Conference roundup: State of Statecraft, Countermeasure, RE//verse 10:21 French supermarket fridges hacked 22:53 Hacking food supply and the attribution question 33:23 Who patches the fridge? 45:58 Ivanti Connect Secure zero-day chain 53:00 When an AI agent deletes your databases 1:04:34 NCSC edge-device forensics guidance 1:28:06 Anthropic's self-replicating IoT research 1:52:17 Why guardrails lock out defenders 2:04:57 Grok's enterprise play and agent sprawl 2:16:26 Citizen Lab exposes AdFection spyware via ads 2:57:24 Calif burns iPhone exploits at Hexacon 3:06:55 Ledger wallet implants and the grain of rice

    Who's Hacking Supermarket Fridges in France?
  4. Oct 12

    NCSC's Ollie Whitehouse: 'The Biggest Correction of Technical Debt Ever'

    (Presented by TLPBLACK: A cybersecurity intelligence platform focused on sharing curated, high-sensitivity threat insights and research with trusted security professionals.) Three Buddy Problem x Offensive AI Con: Ollie Whitehouse, CTO of the UK's National Cyber Security Centre, joins us to explain how Britain is preparing for an AI-driven patch wave and why the NCSC is pressing edge-device vendors to finally ship real telemetry. Plus, we dig into rogue AI agents wandering into a Five Eyes network, along with his forecast that small, capable models could revive self-spreading worms around 2030, all part of what he calls the biggest forced correction of technical debt the industry will ever see. Cast: Juan Andres Guerrero-Saade, Ryan Naraine and Ollie Whitehouse. Timestamps: 0:00 Live from Offensive AI Con: meet Ollie Whitehouse 2:46 Why the NCSC is a model for the US 6:48 What a "national technical authority" does 7:49 The Huawei analysis and the push for passkeys 10:50 Independent AI model testing 13:12 Open-weight vs. closed models and AI sovereignty 19:02 Capability density and AI worms by 2030 23:09 Robotics security and lessons from Japan 26:49 Preparing for the patch wave 31:06 Architecture fixes: OT, cross domain, privileged access 32:28 Telecoms security and Salt Typhoon 38:59 Minimum telemetry standards for edge devices 41:55 Market incentives and the EU Cyber Resilience Act 46:05 Rogue agents and the forced correction of technical debt

    NCSC's Ollie Whitehouse: 'The Biggest Correction of Technical Debt Ever'
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About

The Three Buddy Problem is a popular Security Conversations podcast that goes beyond industry talking points to discuss what others won’t -- nation-state malware, attribution, cyberwar, ethics, privacy, and the messy realities of securing computers and corporate networks. Hosted by three veteran security pros -- journalist Ryan Naraine and malware paleontologists Costin Raiu and Juan Andres Guerrero-Saade -- the weekly show attracts a highly engaged audience of security researchers, corporate defenders, CISOs, and policymakers. Connect with Ryan on Twitter (Open DMs).

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