PowerShell is a command line shell, supporting a scripting language, that is widely used in organizations for configuration management and task automation. Unfortunately, PowerShell is also increasingly used by cybercriminals for launching cyber attacks against organizations, mainly because it is pre-installed on Windows machines, exposes strong functionality that may be leveraged by attackers, and its code can be deeply obfuscated in many ways. This makes the problem of detecting malicious PowerShell scripts both urgent and challenging.To the best of our knowledge, our work is the first to address this important problem. We do so by presenting several novel deep learning based detectors of malicious PowerShell scripts. Our best model obtains a true positive rate of nearly 90% while maintaining a low false positive rate of less than 0.1%, indicating that it can be of practical value.Our models employ pre-trained contextual embeddings of words from the PowerShell "language". A contextual word embedding is able to project semantically similar words to proximate vectors in the embedding space. A known problem in the cybersecurity domain is that labeled data is relatively scarce in comparison with unlabeled data, making it difficult to devise effective supervised detection of malicious activity of many types. This is also the case with PowerShell scripts. Our work shows that this problem can be largely mitigated by learning a pre-trained contextual embedding based on unlabeled data.We trained our models' embedding layer using a scripts dataset that was enriched by a large corpus of unlabeled Power-Shell scripts collected from public repositories. As established by our performance analysis, the use of unlabeled data for the embedding significantly improved the performance of our detectors. We estimate that the usage of pre-trained contextual embeddings based on unlabeled data for improved classication accuracy will find additional applications in the cybersecurity domain.