Cyber Risk Still #1: Why AI Is Raising the Stakes

If you’re wondering what keeps business leaders up at night, the latest Aon Global Risk Management Survey has a clear answer: cyber attacks and data breaches. Once again, they top the list as the #1 risk to organizations worldwide — and the problem isn’t getting any smaller. In fact, Aon’s Cyber Risk Report shows incidents jumped 22% in 2025 alone.

What’s behind this surge? In short, rapid digital transformation. As companies embrace generative AI, automation, and new digital platforms, they’re not just unlocking efficiency — they’re also creating new openings for attackers. The result: cyber threats are no longer confined to the IT department. They ripple across every part of the enterprise, from supply chains and customer data to brand reputation.

And while cyber risk still leads the pack, other threats are quickly climbing the ranks. Geopolitical volatility is expected to leap from the 21st biggest risk in 2023 to the top five by 2028, and AI-related risks are skyrocketing from 49th to 8th in the same time frame. It’s clear: the risk landscape is evolving fast.

But here’s the silver lining — risk and opportunity often come hand in hand.

Turning Risk Into Advantage

Rather than viewing AI as just another problem, forward-thinking organizations are using it as a tool to enhance cybersecurity and operational resilience. AI-powered defenses can detect threats faster, simulate potential attack scenarios, and help businesses prepare for what’s next.

Companies with strong cyber maturity — including solid incident response plans, robust controls, and a culture of security awareness — are turning trust into a competitive edge. That trust doesn’t just protect the business; it attracts customers, partners, and investors.

Quantifying cyber risk is another smart move. By understanding the potential financial impact of threats, organizations can make better decisions about insurance, capital allocation, and risk transfer — minimizing costs and preventing nasty surprises down the road.

The Bottom Line

Cyber attacks and data breaches aren’t going anywhere. But by investing in resilience, leveraging AI responsibly, and treating cybersecurity as a growth driver — not just a cost center — organizations can turn their biggest risk into one of their greatest strengths.

Statista has the story.