The use of Artificial Intelligence (AI) through various technologies has proven to be a boon and bane to the world of cyber security in many ways. At an individual level, we see the use of AI to deceive, steal or defraud people by generating deep-fake data. At enterprises, we see a rise in the misuse of AI technologies to carry out sophisticated cyber-attacks through social engineering, launching large-scale DOS (Denial of Service) attacks or creating self-managed malware that can evade detection. These amongst several other malicious attack techniques are beginning to cost enterprises significantly. On the world stage, we see the use of advanced technologies in modern warfare to fight geo-political issues. While on one hand AI-based technologies have become a cause for concern, the same, if rightly put into use, can help fight cybercrime. There are many areas where the use of AI needs deeper embedding to improve our overall cybersecurity strategies.