This white paper by the World Economic Forum, in collaboration with the Global Cyber Security Capacity Centre, explores the cybersecurity implications of artificial intelligence (AI) adoption. It highlights the increasing reliance on AI and the associated cyber risks that organizations must address. The report offers guidance for business leaders and senior risk owners on managing these AI-related cyber risks, emphasizing the importance of integrating cybersecurity into the AI adoption lifecycle and ensuring investments in both AI and security go hand-in-hand. It advocates for a proactive, risk-based approach, involving multiple stakeholders and continuous re-evaluation of risks and controls. The paper also discusses emerging cybersecurity practices for AI, such as "shift left, expand right, and repeat," to mitigate risks effectively. Ultimately, the goal is to enable organizations to innovate confidently with AI while safeguarding against potential cyber threats.