Artificial intelligence (AI), and specifically generative AI (GenAI), is helping jumpstart revolutions in various industries. Unfortunately, some of this technology’s earliest and most aggressive adopters have been cyberattackers. The exponential growth in GenAI capabilities has proven irresistible, allowing even novice criminals to conduct account takeover activities faster and more effectively than ever before. According to Deep Instinct's Voice of SecOps report, 75% of security professionals witnessed increased attacks over the past 12 months, with 85% attributing this rise to bad actors using generative AI. In this dynamic and rapidly changing security landscape, small and medium-sized businesses (SMBs) are particularly vulnerable. In our 2023 State of Secure Identity whitepaper, we found SMBs had similarly high rates of fraudulent registration and credential stuffing attempts to enterprise-level organisations (without the enterprise-level staff resources to dedicate to the issue). Small businesses, in particular, faced meaningfully higher rates of multi-factor authentication (MFA) bypass.