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Start free trial →Decoder with Nilay Patel · Tech Strategy & Big Tech · November 2026
Asked who is behind the current wave of breaches, Stamos points to a jump in attacker capability from open-weight models and an open-source attack tool spreading fast. His point is that serious intrusions no longer need elite skill.
…stole from the military, right? In the military, they mean to actually kill something. They're the steps you do to blow something up. In cyber, the kill chain is the things you do to have an effect on a target. So to steal information, to turn something off, right? To steal money, to steal Bitcoin.
Yeah.
…This started with three South Korean banks. This week, about 200 more companies have been hit. I've been helping a couple of companies. Cognition has been kind of, you know, we're not an incident response company, but we do go in and like help people fix their bugs afterwards by using our tools. It is shocking the companies that are getting hit by something you could just download. It has been a long time since you've been able to go and just download an open source tool and break into multi-billion dollar companies. It's like the 90s, right? That's
like Windows in the late 90s, early 2000s when it was a security disaster.
I started saying this actually in the beginning of this year, which is like, it's an incredibly exciting and terrifying time because the last time it felt like this was when I was a much younger man and I would go to the very early DEF CON's. DEF CON these days is like 40, 50, 60,000 people. Back…
You mentioned the economics of frontier models, just the economy of cyber is one of those things that has gotten sophisticated over the years. Right. So you're in these early days, a bunch of people in a room. One of the things that our systems got safer is you could pay the number of people at DEF…