The landscape of cyber threats is undergoing a transformative shift with the integration of Generative AI (GenAI) technologies by cybercriminals. This presentation delves into how GenAI tools are increasingly being adopted in the cybercrime arena, highlighting specific cases where these technologies have been utilized for malicious purposes. We will explore a range of examples including phishing attacks crafted with AI-generated content, the use of deepfakes for identity fraud, and AI-driven network intrusion techniques. The presentation will then pivot to discuss future predictions, suggesting potential new vectors of cyber attacks powered by further advancements in AI technologies.It will also critically analyze the escalating arms race between cybersecurity measures and AI-enhanced cybercrime methodologies. Finally we will challenge the audience to consider whether the rise of AI in cybercrime is a trend of necessity or opportunity, and what this means for the future of both cybersecurity strategies and criminal tactics. We will delve into the implications of AI's dual-use nature, reflecting on how its potential for misuse shapes the evolving landscape of cybersecurity.