Artificial intelligence is a double-edged sword that needs to be addressed right away since it is changing cybersecurity and having an impact on the economy.

When misused, artificial intelligence (AI) technologies can accelerate and expand the scope of assaults. However, the same technology can also be applied to improve cybersecurity and handle such attacks in a preventative manner.

Artificial intelligence technology is rapidly surpassing traditional cybersecurity measures, which are dependent on strict regulations and human supervision. The unparalleled speed, accuracy, and scalability of AI-driven systems are attributes that hackers are keen to take advantage of.

This is not merely a technological update; rather, it signifies a substantial change in the detection and neutralization of threats, calling for a comprehensive overhaul of cybersecurity tactics.

Consider the threat that convincing artificial intelligence (AI)-generated films, sounds, and images, or "deepfakes," represent to people and businesses. Australians lost almost $8 million to fraudulent investment scams that were frequently spread through deepfakes in just the previous year. Deepfakes were formerly difficult and expensive to make, but they are now simpler and less expensive.

They are thus evolving into "cheap fakes" that can be produced in large quantities and widely distributed. Threat detection becomes more challenging as a result of this change from high effort to low cost manipulation. Traditional cybersecurity procedures that rely on human inspection and static regulations face an increased difficulty due to the simplicity with which these fakes can be developed and disseminated.

The issue is made worse by the abundance of low-quality knockoffs. False information will proliferate more quickly, and AI-generated content can trick even highly developed biometric authentication systems. The scenario will get considerably more complicated as AI develops.

For instance, sophisticated ransomware will use AI to launch more potent and swifter attacks, and trained AI models will be able to analyze and exploit the data gathered through this activity more quickly.

With their advanced technology and superior data, state-sponsored cybercriminals will present serious geopolitical obstacles. Furthermore, the spread of AI software on the black market would make it easier for inexperienced criminals to commit cybercrimes.