AI-enhanced cyber attacks are a significant concern for 80% of executives, with Gartner reporting them as the top risk for enterprises for the third consecutive quarter. The rise of AI in malicious activities includes crafting malware, phishing emails, and conducting DDoS attacks. HP identified a malware campaign likely aided by generative AI, while Vipre reported a 20% increase in business email compromise attacks in Q2 2024, with 40% AI-generated. Retail sites experienced over half a million AI-driven attacks daily from April to September. Ethical hackers are also increasingly using AI, with usage rising from 64% to 77% in a year, highlighting that while AI is valuable for defensive purposes, attackers are exploiting it too.