IBM X-Force researchers disclosed that the cybercriminal group Hive0163 deployed a new malware strain, dubbed Slopoly, that was developed using large language models as part of ransomware-driven extortion campaigns against businesses. The AI-generated malware enabled persistent unauthorized access to victim networks and data theft, illustrating how generative AI tools can accelerate malware development and broaden the capabilities of existing ransomware operations. No specific victim organizations or financial losses were disclosed at the time of reporting.