[Atreiden]

Seconded. This looks like a good ol' fashioned audit to me. No need to co-opt a term that means something else entirely.

[nomilk]

Thirded. I mentally translated 'Red Teaming' to 'audited' / 'reviewed'.

To be fair, what they're doing is good. Just that the wording is a little extravagant.

[fasthandle]

Term inflation.

In half a generation, audit will be relabelled re-teaming. It's ironic.