AI sharpens cat-and-mouse hacking battle as companies strengthen defences

From hacked supermarket fridges and a record cryptocurrency theft at Binance to an emergency over flaws in widely used web software, companies worldwide are facing a wave of cyber threats executives say AI is accelerating and making more sophisticated.

The surge is straining IT departments, with staff working overnight to patch software vulnerabilities, prompting some companies to turn to and increase investment in AI-powered security tools to help manage the workload.