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Phishing attacks utilizing AI account for over 80% of global social engineering activities, according to the ESET SMB Cyber Readiness Index 2026. Cybercriminals have evolved, targeting various digital ecosystems, including IoT and critical infrastructures. AI tools like Mythos have identified numerous vulnerabilities in software, highlighting the changing threat landscape. Reports indicate that AI has significantly accelerated phishing efforts, reducing email creation time from 16 hours to just five minutes. Additionally, many organizations lack adequate AI governance policies, leading to potential security risks. ESET's data shows a concerning number of AI capabilities are malicious, capable of executing malware and compromising user data.