Earlier this year, Palo Alto Networks (NASDAQ: PANW) reported seeing a tenfold increase in the frequency of email-based phishing attacks compared to the same period in 2023. The jump is related to malicious actors using generative artificial intelligence (AI) to rapidly craft realistic content to trick employees into handing over sensitive information.

This change in tactics means businesses need to change the way they think about cybersecurity. Palo Alto is weaving AI into many of its products to make them faster and more automated, which can help combat AI-based threats. However, some businesses are also putting their valuable data at risk by experimenting with AI themselves in an insecure manner, so Palo Alto is releasing new tools to protect them, too.

Here's why investors with some idle cash -- money they don't need for immediate expenses -- might want to consider allocating $370 to Palo Alto stock and holding it for the next decade.

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Source Fool.com