AI technology is increasingly being integrated into business operations, yet it brings significant security challenges that organizations must address. While 49% of firms are using tools like ChatGPT across various departments, the adoption of AI has led to heightened concerns about compliance, privacy, and ethics, particularly with generative AI. The paradox of AI in cybersecurity is evident, as 93% of security professionals believe AI can enhance cybersecurity, but 77% of organizations feel unprepared to counter AI threats. The AI cybersecurity market is rapidly expanding, forecasted to grow from $22.4 billion in 2023 to $134 billion by 2030, driven by the escalating sophistication and volume of cyber threats. Despite the potential benefits of AI in improving data security, 60% of respondents fear their organizations are ill-equipped to defend against AI-powered attacks. Regulatory efforts are underway, with the EU AI Act leading the way in establishing guidelines for safe and ethical AI development. As organizations continue to explore and implement AI technologies, it is crucial for them to develop comprehensive strategies to remain compliant with evolving regulations and effectively manage the associated risks.