AI hacking surge linked to decades of cybersecurity neglect and deregulation

Matt Stoller argues that the recent PHP hack and broader AI-enabled hacking wave stem from a long-standing cybersecurity crisis fueled by Wall Street financiers and deregulation. The piece frames hacking as an entrenched business model rather than a novel threat, implying systemic vulnerabilities persist. The claim is opinion-driven, lacking new evidence, but highlights a structural critique of current cybersecurity posture.

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