Generative AI's rapid growth has introduced new security challenges, necessitating a collaborative approach to managing security risks, as emphasized by Steve Wilson, Chief Product Officer at Exabeam. Wilson, with a rich career spanning roles at Sun Microsystems, Oracle, and Citrix, is pivotal in developing security frameworks for large language models (LLMs) through projects like OWASP's Top 10 for LLM Applications and the LLM AI Cybersecurity and Governance Checklist. These resources, widely adopted by developers and organizations, address risks such as prompt injection and data poisoning and emphasize the importance of careful data management to prevent unintended consequences. While discussing security risks like hallucinations in LLMs, Wilson acknowledges their duality as both a risk and a creative opportunity, underscoring the need for responsible deployment and verification of AI outputs. The OWASP initiative highlights the ongoing dialogue with standards bodies and regulatory agencies to establish robust guidelines for LLM security, aiming to offer better guidance for developers navigating the evolving legal and regulatory landscape in AI technology.