The Top 5 business risks of concern to business leaders in 2025 are
- Cyber incidents
- Business interruption
- Natural disasters
- Regulatory changes
- Climate change

This is the fourth consecutive year that cyber has topped the list while AI and new technologies sit at #10.
There is an interconnectedness of major risks, where changes in one risk or even efforts to mitigate it can trigger cascading effects on other risks. This new report emphasizes the importance for companies to adopt a holistic approach to risk management.