The Fundamental Mistake in Cybersecurity Risk Management
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 where teams labeled…
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