Future of Threat Intelligence

Future of Threat Intelligence

By Team CymruBusiness
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Future of Threat Intelligence episodes

  • Tidal Cyber's Scott Small on Operationalizing MITRE from Intel to Validation

    Tidal Cyber's Director of Cyber Threat Intelligence Scott Small reveals how his knowledge base now tracks almost 25,000 procedure-level instances across nearly 800 MITRE ATT&CK techniques and sub-techniques, capturing the command-level detail that exposes the false promise of "100% coverage" when working at technique abstraction alone. He argues that the pre-attack reconnaissance phase remains the most essential yet most ignored portion of the framework, including the recently formalized technique for purchasing and selling victim data on stealer marketplaces. 

    Scott's AI workflow treats LLMs strictly as structured data processors that reference MITRE's written technique examples to parse unstructured threat reports, refusing to use them as intelligence sources themselves. He's seeing threat intelligence and detection engineering roles merge as individuals develop hybrid skill sets. His methodology for mapping TTPs to vulnerabilities gives security teams a data-driven rationale to deprioritize patches when strong post-exploitation defenses already cover the attack vector.

    Topics discussed:

    • Tracking almost 25,000 procedure-level instances across 800 MITRE ATT&CK techniques to expose the false promise of technique-level coverage alone

    • Defending pre-attack reconnaissance phases including the technique for purchasing victim data on stealer marketplaces

    • Classifying scanning activity by threat type to prioritize C2 infrastructure linked to APTs over fraud-related domains

    • Blending threat intelligence and detection engineering roles as analysts gain EDR skills 

    • Using AI as structured data processors that reference MITRE's written technique examples to parse unstructured threat reports without generating intelligence

    • Mapping TTPs to vulnerabilities to create data-driven rationale for deprioritizing patches when post-exploitation defenses cover the vector

    • Visualizing attack narratives through the MITRE ATT&CK matrix to tell leadership about defense gaps and justify resource allocation decisions

    Key Takeaways: 

    • Track adversary procedures at the command and protocol level to identify real defense gaps.

    • Monitor stealer marketplace activity and automated dealer platforms for credential exposures tied to your domain, then reset credentials.

    • Prioritize threat intel alerts by focusing first on APT-linked activity over fraud campaigns.

    • Develop hybrid skill sets where CTI analysts understand EDR logging capabilities and threat hunters consistently consult adversary behavior reporting for hunt hypotheses.

    • Implement AI workflows that use LLMs to extract structured technique data from unstructured threat reports, not as intelligence output itself.

    • Map TTPs to specific vulnerabilities to build data-driven cases for deprioritizing patches when post-exploit defenses provide coverage.

    • Create visual attack narratives using the MITRE ATT&CK matrix to communicate defense gaps and resource needs.

    33 min
  • Marsh McLennan's Casey Beaumont on Vendor Breach Assessments That Cut through Legal Games

    When Casey Beaumont's entire CTI team departed just before new analysts started, she found herself running threat intelligence solo for months while directing incident response, threat hunting, and red team operations. That trial by fire taught her exactly what separates tactical intelligence from strategic value, and why the best analysts invest significant personal time building trust networks that enterprise tools cannot replicate.

    Casey's teams at Marsh McLennan, where she’s the Director of Advanced Cyber Practices, received warnings about Scattered Spider infrastructure 20 minutes after domains registered, before threat actors sent a single SMS phishing message to employee cell phones. That early intelligence enabled blocking domains internally and preparing communications before the first report came in. These private intel networks, built through years of trust and after-hours engagement, consistently deliver the warnings that matter most for large enterprises facing sophisticated, targeted attacks.

     

    Beyond tactical response, Casey explains how her CTI program produces strategic intelligence that drives architectural decisions. She also shares her framework for vendor breach assessments that cuts through legal wordplay, why attribution matters far less than response speed during active incidents, and how to scope CTI mission appropriately to prevent analyst burnout in organizations with massive attack surfaces.

     

    Topics discussed:

    • Managing unified teams of CTI, threat hunting, red team, and incident response to eliminate resource allocation friction during active incidents and supply chain events.
    • Building private intelligence networks that deliver infrastructure warnings within 20 minutes of threat actor activity.
    • Transitioning from tactical incident response to strategic CTI leadership and learning analyst tradecraft through necessity when running solo.
    • Conducting vendor breach assessments using four critical questions about control gaps, persistence, data exposure, and remediation plans.
    • Evaluating intelligence relevance at large enterprises with complex environments where shadow IT, acquisitions, and distributed technology create unclear exposure.
    • Why vendor breaches should not automatically disqualify partnerships and how strong vendor relationships enable influence over authentication improvements and security controls.
    • Producing strategic CTI that drives architectural investment decisions by documenting systemic risks across technology ecosystems rather than isolated incidents.
    • Understanding CTI stakeholder needs through deliberate interviewing to prevent analysts from producing reports that leadership ignores.
    • Sharing unattributed intelligence with law enforcement that enabled warnings to seven or eight fully breached companies with no awareness of compromise.
    • Why leadership overemphasizes attribution during active incidents when tactical response and containment should take priority.
    • How great CTI analysts invest significant personal time building professional brands, attending conferences, and earning trust in private intelligence communities.
    • Key Takeaways: 

      • Consolidate CTI, threat hunting, red team, and incident response under unified leadership to eliminate resource allocation friction during active supply chain incidents and targeted attacks.
      • Conduct vendor breach assessments using four critical questions: what control gaps enabled the breach, does the actor maintain persistence, what client data was exposed, and what remediation plans address root causes.
      • Identify vendor evasiveness during breach discussions by listening for careful language around product names that insinuate limited scope while obscuring broader organizational compromise.
      • Produce strategic CTI reports that document systemic risks across technology ecosystems rather than isolated incidents to give executives justification for architectural investment decisions.
      • Interview CTI stakeholders systematically to understand what intelligence formats and content they need before analysts waste time producing reports that leadership ignores.
      • Scope CTI team mission to specific focus areas like tactical threats and supply chain rather than attempting comprehensive coverage of vulnerabilities, geopolitics, and fraud with limited staff.
      • Share unattributed threat intelligence with law enforcement partners when legal and privacy teams approve to enable warnings for other breached organizations unaware of compromise.
      • Deprioritize threat actor attribution during active incident response unless conclusive evidence enables tactical pivots, focusing instead on containment and remediation before forensic analysis.
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        40 min
      • State CISOs on Why Cyberattacks Against 1 State Attack All of America

        Michael Moore, CISO for the Secretary of State of Arizona's office, explains how he acts as a virtual CISO for all 15 counties by conducting physical security assessments at election facilities and providing real-time guidance during critical events. His approach treats surprise attacks as learning opportunities that should only work once, immediately sharing adversary infrastructure and TTPs across the entire election community to burn their capabilities. Michael emphasizes that misinformation, disinformation, and malinformation represent converging threat vectors that manifest as both cyber attacks and physical violence, requiring defenders to think beyond traditional security boundaries.

        Ryan Murray, CISO for the State of Arizona, shares his Cybersecurity Trinity for AI framework: defend from AI-enabled attacks, defend with AI-augmented tools, and defend the AI systems organizations deploy. He explains how Arizona replicated MS-ISAC functionality through AZ ISAC, enabling 1,000+ government personnel across 200+ entities to share intelligence in real time without requiring mature security programs. Ryan stresses that organizations already generate valuable threat intelligence internally through phishing reports and security alerts, and the real challenge is communication and relationship-building rather than expensive commercial feeds.

        Topics discussed:

        • How physical security gaps at government facilities create tactical vulnerabilities that scale across entire states.
        • Building sector champion models where election security and critical infrastructure specialists act as virtual CISOs for under-resourced local governments.
        • Why misinformation, disinformation, and malinformation represent converging cyber, physical, and reputational threat vectors that radicalize populations into kinetic attacks.
        • Implementing real-time threat intelligence sharing protocols that enable 1,000+ defenders to communicate via platforms like Slack during active incidents.
        • The evolution from receiving threat intelligence to generating intelligence internally by analyzing phishing campaigns, user reports, and infrastructure scanning patterns.
        • Applying the "surprise attack only works once" principle by burning adversary infrastructure and TTPs immediately through broad intelligence sharing.
        • Why the distinction between "intelligence" in national security contexts versus cyber threat intelligence creates executive buy-in challenges.
        • How to prove negative outcomes and communicate near-miss stories where intelligence prevented catastrophic breaches.
        • The collapsing patch window problem where automated vulnerability discovery and exploitation eliminates traditional seven-day remediation timelines.
        • Implementing the Cybersecurity Trinity for AI: defending from AI-enabled attacks, defending with AI-enhanced tools, and defending AI systems from prompt injection and data leakage.
        • Why secure-by-design pledges fail when financially motivated vendors push defensive responsibility to the least capable organizations.
        • Building tabletop exercise programs that prepare election officials for denial-of-service attacks disguised as physical threats.
        • How generative AI enables Script Kitty 2.0, where non-technical adversaries automate reconnaissance, exploitation, and data exfiltration through natural language prompts.
        • The challenge of deepfakes and synthetic media targeting sub-national officials who lack the visibility and resources for sophisticated reputation defense.
        • Key Takeaways: 

          • Build sector champion programs where specialists act as virtual CISOs for under-resourced entities.
          • Implement real-time communication platforms like Slack that enable defenders to share threat indicators during active incidents.
          • Generate internal threat intelligence by systematically analyzing phishing campaigns, tracking top recipients, subject lines, and infrastructure patterns.
          • Apply the principle that surprise attacks should only work once by immediately burning adversary infrastructure and TTPs through broad community sharing.
          • Use tabletop exercises to prepare personnel for converged threats like bomb hoaxes that function as denial-of-service attacks on critical operations.
          • Frame AI strategy using the Cybersecurity Trinity: defend from AI-enabled attacks, defend with AI tools, and defend AI systems from exploitation.
          • Recognize that patch windows have collapsed to zero for critical edge-facing vulnerabilities due to automated discovery and weaponization.
          • Focus communications on near-miss stories that demonstrate how intelligence prevented catastrophic outcomes before executive awareness.
          • Listen to more episodes: 

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            45 min
          • EP 34 — SolarKal's Yaniv Kalish on Why CRE Solar Projects Cost Double without Market Data

            SolarKal's $5 billion bid database reveals a 100% spread between highest and lowest proposals for identical projects, signaling reactive procurement without market intelligence. This could cost portfolio owners double. Yaniv Kalish, Founder & CEO, has a procurement framework that starts with portfolio-wide regulatory mapping and interconnection queue analysis before vendor engagement, preventing the months-long chase of properties that fail during permitting due to roof load limits or utility barriers. Roof lease structures reposition unutilized square footage into seven-figure annual NOI additions.

             

            Yaniv's financing comparison also highlights solar's critical advantage over traditional real estate: construction loans replaced by permanent financing at energization versus extended hold periods. His staged deployment approach prioritizes speed while emphasizing upfront expert guidance to avoid equipment selection mistakes and contract terms that surface as change orders months later. 

             

            Topics discussed:

             

            • Exposing the 100% bid spread between highest and lowest proposals in commercial solar and how marketplace models reduce pricing opacity
            • Leveraging roof lease structures to generate seven-figure annual NOI additions by repositioning unutilized commercial rooftop square footage
            • Implementing portfolio-wide site selection using regulatory mapping and interconnection analysis to avoid properties with barriers
            • Understanding vendor pricing where solar companies assume 5% close rates on owner RFPs versus 80% on marketplace platforms
            • Navigating IRA phase-out impacts where declining tax credits will simplify ownership structures and eliminate complex tax equity partnerships
            • Comparing solar project financing to real estate development, including construction loans replaced by permanent financing after system energization
            • Deploying solar-plus-storage to achieve rapid payback periods and create revolving capital for additional portfolio sustainability upgrades.
            • Addressing commercial rooftop solar adoption gaps while energy rates increased 30-40% over recent years across U.S. markets.
            • 32 min
            • EP 33 — Distributed Energy's Richard Zdunkewicz on Premium Rents for Grid Resilient Properties

              Richard Zdunkewicz, CEO at Distributed Energy Clearinghouse, has watched distributed energy resources evolve from expensive sustainability projects into revenue-generating financial assets that command premium rents. He helps multi-site property owners navigate the complex value stack across regulated and competitive markets, turning building data into actionable business cases. He provides Sean unique insight into how the shift from fixed pricing to locational hourly value fundamentally changes every commercial real estate energy investment decision.

               

              Richard talks about the biggest misconception about DERs is viewing them as add-ons rather than financial assets that generate contracted revenue streams similar to lease agreements. His analytics platform addresses the reality that while most buildings collect massive amounts of energy data, they fail to translate it into the financial results that drive capital planning decisions. Virtual power plants allow commercial properties to participate in power markets as small power plants, earning revenue for flexibility and grid responsiveness. Richard also touches on the emergence of energy-as-a-service models that enable property owners to conserve cash while accessing sophisticated energy infrastructure, and why private equity increasingly views DERs as standalone assets with predictable cash flows.

               

              Topics discussed:

               

              • The fundamental misconception that DERs are sustainability projects rather than financial assets generating contracted revenue streams.
              • Virtual power plant aggregation models that enable buildings to participate in wholesale power markets and earn revenue for grid flexibility.
              • The transformation from fixed electricity pricing to locational hourly value pricing and its impact on distributed energy investment.
              • Energy-as-a-service and resilience-as-a-service financing models that eliminate upfront capital requirements for sophisticated infrastructure.
              • The analytics gap where building energy data fails to translate into financial results for capital planning.
              • Why smart meters and advanced controls transform properties from passive energy consumers into active market participants.
              • How private equity views distributed energy resources as infrastructure assets with predictable cash flows similar to real estate leases.
              • Grid resilience as physical insurance that commands premium rents through guaranteed uptime during grid disruptions.
              • Artificial intelligence integration with building management systems to automate granular energy decisions and capture nuanced value.
              • The energy transition as re-engineering both energy supply and application, moving beyond simple decarbonization metrics.
              • Why data centers are developing independent power generation capabilities that bypass traditional utility infrastructure.
              • The integration of building management systems with battery storage as a breakthrough proptech solution for commercial properties.
              • 26 min
              • EP 32 — Tower Companies' Luke Lanciano on Comfort Over Efficiency in Multifamily Sustainability

                Luke Lanciano, Director of Sustainability at The Tower Companies, shows his expertise in his systematic approach to energy optimization: using 15-minute interval data to identify startup and shutdown inefficiencies, then connecting those energy peaks to the exact moments building engineers remember sweating through equipment failures on hot days. His method makes control system investments immediately tangible: when staff see how automated sequencing prevents the simultaneous startup spikes that create their worst workdays, they become advocates rather than obstacles.

                 

                Luke's multifamily strategy flips conventional wisdom by prioritizing comfort over efficiency targets, addressing the loudest 5% of complainers individually while implementing high-efficiency equipment for the other 95% during natural turnover periods. This approach has turned 1960s buildings into Energy Star performers in the mid-to-high 80s. His air quality framework cuts through measurement complexity: master temperature and humidity through proper airflow first, and everything else follows.

                 

                Topics discussed:

                • Using 15-minute-interval energy data to optimize building startup sequences and eliminate simultaneous equipment load spikes
                • Managing multifamily sustainability by prioritizing tenant comfort over efficiency targets while upgrading equipment during turnover
                • Implementing real-time kilowatt monitoring as the primary daily metric for building operations teams and energy management
                • Balancing rooftop solar construction projects with tenant relationships to prevent lease terminations during installation phases
                • Simplifying air quality management by focusing on temperature and humidity control before measuring advanced indoor air metrics
                • Converting 1960s multifamily buildings into Energy Star performers through systematic high-efficiency equipment replacement during vacancies
                • Leveraging sustainability certifications like LEED to meet increasing commercial tenant RFP requirements
                • Positioning solar as the fastest-growing commercial energy source despite battery storage limitations and nuclear construction delays
                • 36 min
                • EP 31 — Colliers' Raul Saavedra on The PUE Aha Moment That Changed the Sector

                  Data centers now consume unprecedented amounts of electricity, but the industry hasn't abandoned sustainability. It's adapting at scale. Raul Saavedra, Vice Chair, Head of Data Center Advisory, Americas at Colliers, highlights how data center lease structures have shifted from full-service turnkey operations to core-and-shell triple net arrangements, driven by the massive scale of modern facilities and tenant preferences for control. This structural change redistributes sustainability responsibilities but doesn't diminish them, since hyperscale tenants maintain strong environmental commitments regardless of lease type.

                   

                  The conversation also turns to practical optimization strategies, including how data centers achieve better PUE, the key metric operators monitor to measure system efficiency and sustainability performance. Simple innovations like using outside air for natural cooling through louvers can dramatically reduce energy consumption. Looking ahead, Raul predicts a shift toward smaller, more manageable power distributions in metropolitan areas rather than today's massive centralized facilities. He also addresses common misconceptions, particularly around water usage, explaining how many data centers employ closed-loop recycling systems rather than consuming fresh water continuously.

                   

                  Topics discussed:

                   

                  • Data center lease structures shifting from turnkey full-service to core-and-shell triple net arrangements due to massive scale
                  • PUE metrics as the primary sustainability measurement for data center operational efficiency and design performance
                  • Outside air cooling through louvers that dramatically reduce energy consumption in data centers
                  • Nuclear power gaining momentum as the preferred renewable energy source for data centers over solar and wind options
                  • Water recycling misconceptions addressed through closed-loop systems that reuse rather than continuously consume fresh water resources
                  • Investment mistakes in sustainable infrastructure driven by seeking immediate gratification instead of patient long-term capital approaches
                  • Load flexibility agreements between hyperscale tenants and operators to manage production versus non-production energy demands
                  • Future data center design trending toward smaller, distributed facilities with manageable power requirements in metropolitan markets
                  • 32 min
                  • EP 30 — Gaia Development's Grant Waldron on Energy Modeling Accuracy vs Human Behavior Reality

                    Grant Waldron, Director of Sustainability Strategy at Gaia Development, asserts that sustainable building practices generate immediate financial returns as well as long-term environmental benefits. His work at Gaia spans more than 100 million square feet, including the first LEED speculative building ever constructed. Grant tells Sean how regulatory requirements like California's new life cycle assessment mandates for buildings over 100,000 square feet create competitive advantages for developers who understand the financial optimization opportunities hidden within sustainability compliance. 

                     

                    Grant’s team consistently delivers commissioning studies that recoup their costs within the first year through identified inefficiencies, and his approach to materials optimization has saved clients hundreds of thousands in concrete costs by reducing slab thickness without compromising structural integrity. He warns that the window for electrification planning is closing rapidly, as major corporate tenants with 2030 net zero commitments will abandon facilities with gas systems during the 2029 lease renewal cycle.

                     

                    Topics discussed:

                     

                    • The misconception that sustainable building costs more when integrated design actually reduces expenses.
                    • How life cycle assessments identify cost-saving opportunities like reducing concrete slab thickness to save carbon and construction costs.
                    • Integrating energy modeling with life cycle assessments to balance building shell efficiency investments and renewable energy system sizing.
                    • Why commissioning and ongoing building audits consistently recoup their costs within the first year through identified inefficiencies and system adjustments.
                    • The growing sophistication of tenant sustainability demands, including roof rights negotiations and requirements for certified buildings.
                    • How the 2029 lease renewal cycle will force major corporations with 2030 net zero commitments to abandon facilities with gas systems.
                    • Practical future-proofing strategies like conduit placement during initial construction to avoid expensive retrofits for EV charging and solar.
                    • Advanced water management approaches, particularly greywater systems in markets like San Francisco.
                    • The reality gap between energy modeling predictions and actual building performance, driven primarily by unpredictable human behavior and operational variations.
                    • 36 min
                    • EP 29 — Bridge Investment Group's Isela Rosales on Assessing Your Climate VaR

                      Property owners who run their own catastrophe modeling scenarios are gaining unprecedented negotiating power in today's brutal insurance marketplace. At Bridge Investment Group, this proactive approach is reshaping how commercial real estate tackles climate risk and secures coverage where others can't.

                       

                      Isela Rosales, Managing Director, Global Head of Sustainability & Responsibility, tells Sean how forward-thinking property owners are using third-party software to run hurricane, wildfire, and flooding scenarios across their portfolios. By calculating maximum loss exposure and presenting mitigation strategies to insurers, they're securing coverage in markets like California where it's becoming nearly impossible to obtain.

                       

                      Topics discussed:

                       

                      • Implementing climate value at risk (climate VaR) assessments using third-party software to run various scenario analyses across portfolios.
                      • Translating physical climate risk models into maximum loss calculations and financial impact projections for insurance negotiations.
                      • Securing whole-building utility histories, MEP system records, and renewable energy feasibility studies during property acquisitions to prevent critical data loss.
                      • Leveraging tenant sustainability commitments to drive property selection decisions based on green certifications and emission reduction capabilities.
                      • Capitalizing on tenant-driven demand for smart building technology and renewable energy features to increase occupancy rates and rent growth.
                      • Adapting to LEED Version 5 requirements where 50% of scoring points focus on operational energy performance, electrification, and embodied carbon materials.
                      • Using shadow metering technology for real-time utility data collection when traditional utility company data access fails.
                      • Integrating BAS and BMS for enhanced energy optimization and tenant comfort monitoring.
                      • Applying UN SDGs and GIIN IRIS metrics frameworks to align social impact initiatives with environmental sustainability programs.
                      • Implementing energy transition strategies through building electrification, converting gas furnaces, boilers, and water heaters to electric alternatives.
                      • 46 min
                      • EP 28 — JLL's David Kollmorgen on Managing 100 Small Energy Wins vs One Big Solution

                        What happens when a Fortune 200 company tracks carbon reduction as closely as P&L performance? At JLL, it created a shift from viewing sustainability as a cost center to treating it as a core business driver across 30,000 megawatt hours of annual consumption.

                         

                        David Kollmorgen, Global Head of Real Estate, outlines how their sustainability program evolved from basic invoice reporting to enterprise-level value creation. By implementing P&G's "power of and" framework — sustainability measures must deliver same or lower costs while meeting corporate priorities — they've broken the false choice between profitability and environmental impact.

                         

                        But that's just the foundation, he tells Sean. From deploying nuclear baseload strategies over traditional renewables to implementing digital twins that predict occupancy levels, David's team is creating systematic approaches to corporate real estate that prioritize measurable outcomes over operational excellence while building toward net zero by 2030.

                         

                        Topics discussed:

                        • Implementing a "power of and" framework that requires sustainability measures to deliver same or lower costs while meeting corporate priorities.
                        • Defining corporate real estate around three enterprise outcomes: reducing cost to serve through portfolio optimization, improving workplace experience via productivity metrics, and hitting sustainability targets.
                        • Moving from short-term renewable energy credits to long-term Virtual Power Purchase Agreements that add new grid capacity.
                        • Betting on small-scale nuclear over solar and wind for commercial real estate baseload power, with units sized for individual data centers or office buildings.
                        • Measuring individual device consumption across digital lobby signage, dual monitors, cafeteria equipment, and HVAC systems to identify multiple small efficiency gains that compound portfolio wide.
                        • Anticipating embodied carbon regulations that will require X% reduction from baseline metrics.
                        • Deploying digital twin technology for remote building management with real-time conference room utilization, occupancy levels, indoor air quality, and CO2 monitoring.
                        • Shifting from headcount-based space planning to utilization metrics with predictive analytics that forecast specific date occupancy for precise resource allocation.
                        • 30 min

                        About Future of Threat Intelligence

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                        Welcome to the Future of Threat Intelligence podcast, where we explore the transformative shift from reactive detection to proactive threat management. Join us as we engage with top cybersecurity…

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