A report by IBM has highlighted that 70% of business executives prioritize innovation over security when it comes to generative AI projects, which leaves organizations vulnerable to cybersecurity and privacy risks. The survey found that less than a quarter of generative AI projects are being secured, despite the acknowledgement of 82% of respondents on the importance of secure AI for business success. The report emphasized the need to establish security controls early on to avoid potential breaches. It also identified emergent threats to AI operations and recommended a new security governance model to mitigate risks. The report also addressed the emerging threat of "shadow AI" and emphasized the importance of integrating security into wider AI governance programs. Governments worldwide are introducing AI regulations to address AI security concerns.