1 & 3) I find it curious that you feel free to define your own meaning for scare quotes, but have a problem with him defining "product manager" as "the person who owns the release schedule." I think Lewis Carroll wrote about how that works:
http://en.wikipedia.org/wiki/Humpty_Dumpty#In_Through_the_Lo...
2) You won't find that kind of news on CNN, but it's out there if you know where to look. Try DarkReading or F-Secure's blog, just to get started. There are many botnets out there right now. Even some controlled by Russian mobsters. There are places where you can buy, sell & trade credit card numbers. There's a TON of crime out there, but for people who don't deal with it, all you hear is the occasional, "Company X had a data breach affecting approximately Y users. A company spokesman wants to assure you that everything is all right and that the very same company that allowed this breech to happen will make sure that it quickly vanishes from the public eye."
Finally, you don't know Thomas as you indicated in a post further up, you might want to read this:
http://www.darkreading.com/security/management/showArticle.j...
In case you're wondering, it's really not uncommon for people who deal with computer security to take the time to find out who they're talking to online. You might be surprised at how often it proves useful. And I'm practicing what I preach here, because I only know him by reputation.