Lakera, a leading real-time Generative AI (GenAI) security company, has released the 2024 GenAI Security Readiness Report, highlighting a significant gap in security preparedness amidst the rapid adoption of GenAI technologies. Despite 90% of surveyed cybersecurity experts actively using or considering GenAI, only 5% express confidence in their security measures against GenAI-specific threats, such as prompt attacks that can lead to unauthorized data access and system manipulation. The report, based on a survey of 1,000 cybersecurity professionals, also reveals concerns over LLM reliability, accuracy, and data privacy, with 22% having adopted AI-specific threat modeling. Lakera's educational AI game, Gandalf, which has attracted over a million players, including cybersecurity experts, underscores the ease with which GenAI systems can be manipulated by showcasing successful breaches by 200,000 players. Lakera, which recently secured $20 million in Series A funding from investors like Atomico and Citi Ventures, is poised to address these challenges by providing real-time, evolving AI defenses, and aims to track security preparedness annually.