Generative AI has become increasingly accessible, allowing hackers to explore its potential for cybersecurity benefits. A recent report by Bugcrowd found that 94% of hackers already use or plan to start using AI to aid in ethical hacking. Despite concerns about AI replicating human creativity, 72% of hackers believe this is unlikely. Generative AI has also been shown to increase the value of hacking and is expected to disrupt traditional methods of penetration testing and bug bounty programs. Notably, 98% of hackers using generative AI for security research utilize ChatGPT. Overall, the report highlights the potential benefits of generative AI in cybersecurity when used ethically.