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With the passage of time, businesses and organizations are exploring ways to apply the power of Artificial Intelligence (AI) to tackle a gamut of challenges proactively. One of the areas where AI can bring sea change is cybersecurity. Using AI, businesses and federal agencies can not only understand the cyber threats but also proactively mitigate cyber risk. However, on the contrary, bad actors in cyberspace are a bit ahead in leveraging AI to compromise business systems and steal information or money. Their AI prowess came to fore when Bangladesh Bank came under a cyber attack and funds were withdrawn to hundreds of bank accounts around the world. 