CYBERSECURITY EXPERTS WARN AI COULD FUEL MORE BINANCE-SCALE HACKS Cybersecurity experts warn that AI is making large-scale cyberattacks faster, more sophisticated and increasingly common. Stefan Deiss of The Hashgraph Group says AI allows hackers to identify and exploit vulnerabilities faster than companies can fix them. Andy Ward of Absolute Security warns that even larger breaches with greater financial consequences could follow. There is currently no evidence that AI was used in the Binance hack.

CYBERSECURITY STARTUP CYERA IN TALKS TO RAISE FUNDING AT $20B VALUATION The Information reports that Cyera is discussing a new funding round just four months after raising $600M at a $12B valuation, followed by a $400M extension in September. Founded by two former members of Israel's elite Unit 8200, Cyera uses AI to identify and protect sensitive corporate data across cloud storage, databases and email systems. Its customers include Blue Cross Blue Shield, Paramount and Chipotle. Talks remain preliminary, and the size of the potential funding round is undisclosed.

Cybersecurity experts are calling this month a “Black October” for AI-driven cyber threats. AI systems are now finding serious software vulnerabilities at machine speed, while hackers can use the same technology to scan for weaknesses, write attack code, and launch attempts across huge numbers of targets. The fear is that AI could dramatically shrink the time between a flaw being discovered and a real attack, leaving companies, critical infrastructure, and governments with far less time to defend themselves.

“Cybersecurity stocks are really in the sweet spot when it comes to technology investing because they do have a variety of growth catalysts behind them.” Unlike cyclical tech sectors like semis, "you can’t stop spending on cybersecurity." @ChristianMagoon of @AmplifyETFs tells @KristinReports why $HACK stands apart.