Jun 23, 2026 – 9.08amAustralian businesses and government agencies could face a dramatic escalation in AI-powered cyber threats within months, according to a warning from the Five Eyes intelligence alliance, which said frontier models were rapidly reshaping the capabilities of hostile actors.In a rare statement published overnight, the spy agencies from Australia, Canada, New Zealand, the UK and the US warned that AI had accelerated the speed, scale and sophistication of cyber threats.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles