There has been much discussion with the hope of AI improving our ability to handle cyber threats & malicious activities. Sophisticated machine learning algorithms would allow AI systems to be trained to detect malware, run pattern recognition, & detect even the smallest behaviors of malware or ransomware attacks before it enters the system. However AI is not a replacement for human intelligence, it can advance cybersecurity in many ways. A key topic at this year's summit is how AI & Cybersecurity can enhance each other. The panel discussion on "AI in Cybersecurity: Hype or Reality" provided insights on how AI has been used to enhance cybersecurity capabilities & how cybersecurity can help secure AI systems. The panelists shared the challenges & opportunities. The moderator was Dr. Nantawan WONGKACHONKITTI (CIO & Deputy Manager, Student Loan Funds), with panelists Laurence LIEW (Director, AI Innovation, AI Singapore), Dr. Han YU (Assistant Professor, Nanyang Technological University), & Narudom ROONGSIRIWONG (SVP, Head of Digital Architecture, Bank of Ayudhya PCL). A recording of this discussion can be found at https://www.csaapac.org/csaaseansummit2022.html.