Three Buddy Problem

Three Buddy Problem

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).

Episodes

July 3, 2025 94 mins
Three Buddy Problem - Episode 52: Fresh intelligence reports out of Europe and China: France’s ANSSI documents a string of Ivanti VPN zero-days ('Houken'), and Quanxin frames a stealth Microsoft Exchange-zero-day chain linked to a North American 'Night Eagle' threat actor. We dissect the technical bread-crumbs, questions the attribution math, and connects Houken to SentinelOne’s “Purple Haze” research. Plus, the FBI’s claim that C...
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Three Buddy Problem - Episode 51: Former Immunity/Trail of Bits researcher Hamid Kashfi joins the buddies for a fast-moving tour of cyber activities in the Israel-Iran war. The crew unpacks who 'Predatory Sparrow' is, why Sepah Bank and the Nobitex crypto exchange were hit, and what a $90 million cryptocurrency burn really means. Plus, radar-blinding cyberattacks that paved the way for Israel’s air raid, the human cost of sudden A...
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Three Buddy Problem - Episode 50: This week, we dissect cyber flashpoints in the Iran-Israel war, revisit the “magnet of threats” server in Iran that attracted APTs from multiple nation-states, and react to Israel's Mossad sneaking explosive drone swarms deep into Iran to support airstrikes. Plus, Stealth Falcon’s new WebDAV zero-day, SentinelOne’s brush with Chinese APTs, Citizen Lab’s forensic takedown of Paragon’s iPhone spyware...
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Three Buddy Problem - Episode 49: Cybersecurity veteran Mikko Hypponen joins the show to discuss the fast-changing life and times on NATO’s newest frontline, how Ukraine’s long-range “Spiderweb” drone swarms punched holes in Russian air bases, the cyber connections to the escalating drone warfare, and the coming wave of autonomous “killer robots”. Plus, news on Ukraine’s hack of bomber-maker Tupolev, the industry’s never-ending AP...
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Three Buddy Problem - Episode 48: We unpack a Dutch intelligence agencies report on ‘Laundry Bear’ and Microsoft’s parallel ‘Void Blizzard’ write-up, finding major gaps and bemoaning the absence of IOCs. Plus, discussion on why threat-intel naming is so messy, how initial-access brokers are powering even nation-state break-ins, and whether customers (or vendors) are to blame for the confusion. Plus, thoughts on an academic paper o...
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Three Buddy Problem - Episode 47: We unpack a multi-agency report on Russia’s APT28/Fancy Bear hacking and spying on Ukraine war supply lines, CISA’s sloppy YARA rules riddled with false positives, the ethics of full-disclosure after Akamai dropped Windows Server “BadSuccessor” exploit details, and Sekoia’s discovery of thousands of hijacked edge devices repurposed as honeypots. The back half veers into Microsoft’s resurrected Wind...
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Three Buddy Problem - Episode 46: We dig into a Coinbase breach headlined by bribes, rogue contractors and a $20 million ransom demand. Plus, (another!) batch of Ivanti and Microsoft zero-days being exploited in the wild, a new 'Intrusion Logging' feature coming to Android, Apple's iOS 18.5 patches, and the EU announcing its own vulnerability database and software vendor secure-coding pledge. Cast: Juan Andres Guerrero-Saade (http...
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Three Buddy Problem - Episode 45: (The buddies are trapped in timezone hell with cross-continent travel this week). In the meantime, absorb this keynote presented by Juan Andres Guerrero-Saade (JAG-S) at CounterThreats 2023. It's a frank discussion on the role of cyber threat intelligence (CTI) during wartime and its importance in bridging information gaps between adversaries. Includes talk on the ethical challenges in CTI, questi...
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Three Buddy Problem - Episode 44: We unpack news that US government officials are using an obscure app to archive Signal messages, OpenAI’s new “Aardvark” code-evaluation and reasoning model and leapfrog implications, NSC cyber lead Alexei Bulazel on normalizing US offensive operations, and JP Morgan Chase CISO’s warning to software vendors. Plus, fresh SentinelOne threat-intel notes, France’s attribution of GRU activity and a hea...
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Three Buddy Problem - Episode 43: Director of the Alperovitch Institute for Cybersecurity Studies Thomas Rid joins the show for a deep-dive into the philosophical and ethical considerations surrounding AI consciousness and anthropomorphism. We dig into the multifaceted implications of AI technology, particularly focusing on data privacy, national security, and the philosophical questions surrounding AI consciousness and rights. ...
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Three Buddy Problem - Episode 42: We dig into news that China secretly fessed up to the Volt Typhoon hacks and followed up with claims that named NSA agents launched advanced cyberattacks against the Asian Winter Games. Plus, the MITRE CVE funding crisis, new Apple 0days in the wild includes PAC bypass exploit, Microsoft Patch Tuesday zero-days. Plus, the effectiveness of Lockdown Mode, the rising costs of mobile exploits, Chr...
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Three Buddy Problem - Episode 41: Costin and Juanito join the show from Black Hat Asia in Singapore. We discuss Bunnie Huang's keynote on hardware supply chains and a classification system to establish a grounded perspective on trust in hardware, Ivanti's misdiagnosis of a critical VPN applicance flaw and Mandiant reporting on a Chinese APT exploiting Ivanti devices. Plus, breaking news on the sudden firing of NSA director and hea...
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Three Buddy Problem - Episode 40: On the show this week, we look at the technical deficiencies and opsec concerns around the use of Signal for ultra-sensitive communications. Plus, some speculation on who's behind Kaspersky’s ‘Operation Forum Troll’ report, Chinese discussion on NSA/CIA mobile networks exploitation, and the return of ‘Lab Dookhtegan’ hack-and-leak exposures. Cast: Juan Andres Guerrero-Saade (https://twitter.com/jua...
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Three Buddy Problem - Episode 39: Luta Security CEO Katie Moussouris joins the buddies to parse news around a coordinated Chinese exposure of Taiwan APT actors, CitizenLab's report on Paragon spyware and WhatsApp exploits, an “official” Russian government exploit-buying operation shopping for Telegram exploits, the fragmentation of exploit markets and the future of CISA in the face of budget cuts and layoffs. Cast: Katie Moussour...
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Three Buddy Problem - Episode 38: On the show this week, we look at a hefty batch of Microsoft zero-days exploited in the wild, iOS 18.3.2 fixing an exploited WebKit bug, a mysterious Unpatched.ai being credited with Microsoft Access RCE flaws, and OpenAI lobbying for the US to ban China's DeepSeek. Plus, discussion on a Binarly technical paper with new approach to finding UEFI bootkits, Mandiant flagging custom backdoors on Junipe...
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Three Buddy Problem - Episode 37: This week, we revisit the public reporting on a US/Russia cyber stand down order, CISA declaring no change to its position on tracking Russian threats, and the high-level diplomatic optics at play. Plus, a dissection of ‘The Lamberts’ APT and connections to US intelligence agencies, attribution around ‘Operation Triangulation’ and the lack of recent visibility into these actors. We also discuss a ...
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Three Buddy Problem - Episode 36: Ryan and Juanito join the show from the RE//verse conference with discussion on Natalie Silvanovic’s keynote on hunting for bugs in mobile messengers, the thrill of looking at exposed attack surfaces and the grueling “losses” bug hunters endure before a breakthrough. We also cover the latest on the $1.4 billion ByBit hack pinned on the Lazarus Group and the malicious JavaScript supply chain attack...
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Three Buddy Problem - Episode 35: Juanito is live from DistrictCon with notes on discussion of an elusive iOS zero-day by a company called QuaDream and Apple’s controversial removal of iCloud backup end-to-end encryption in the UK. We also cover a staggering $1.4 billion hack by the Lazarus Group against Bybit, new angles in NSA-linked cyber-espionage against China’s top universities, Chinese hacking gangs moonlighting as ransomwa...
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Three Buddy Problem - Episode 34: We dig into the latest exploited Apple iPhone zero-day (USB Restricted Mode bypass), an AMD microcode flaw so serious it’s not being fully disclosed, a barrage of Patch Tuesday updates, the helpless nature of trying to defend corporate networks, Russian threat actor movements, and fresh intel from Rapid7, Volexity, and Microsoft. Cast: Juan Andres Guerrero-Saade (https://twitter.com/juanandres_gs...
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Three Buddy Problem - Episode 33: In this episode, we unpack the UK government's secret push for backdoor access to encrypted iCloud data, Apple’s approach to iCloud encryption, and the broader implications for privacy and security on a global scale. Plus, how security agencies handle zero-day vulnerabilities, surveillance spyware and mercenary hacking, and TikTok-powered election disinformation and interference. From wormable ex...
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