1. Executive summary For a decade, the cyber threat narrative has been one of escalating sophistication. Over the past twelve months, it has become one of escalating speed. Across reporting from Google [1], Microsoft [2], CrowdStrike [3], Mandiant [4], Anthropic [5] and OpenAI [6], a consistent picture has emerged: artificial intelligence is not fundamentally changing what adversaries can do. Instead, it is letting them execute existing tactics faster, at greater scale, and with fewer skilled people.