Technology

Late last month, I began to consider withdrawing some money from my savings account to buy gold. It’s the first time I’ve ever thought about panic-buying. For all of the firewalls and two-factor-authentication codes, the safety of the internet is starting to falter. Hackers are gaining the upper hand over organizations around the world—hospitals, energy grids, government agencies, and, yes, banks.

As AI tools have become extremely good at writing code, they’ve also become extremely good at pulling off cyberattacks. (Malware, after all, is still software.) The result has been a change in the scale, speed, and sophistication of hacks that is difficult to overstate: Among its tens of thousands of clients, the cybersecurity firm Palo Alto Networks identified a fourfold increase in daily attacks from 2024 to 2025. Hackers are developing AI-enhanced computer viruses that adapt on the fly to avoid detection. They are automating cyber-espionage campaigns on foreign governments. They are stealing data in minutes instead of hours. “There’s a crazy amount of offensive activity happening right now,” Alex Stamos, a former chief security officer of Yahoo and Facebook, told me. “Companies are getting hacked every single day.”