Cyber Threats and Geopolitical Volatility Top Business Concerns

Cybersecurity and geopolitical volatility have emerged as top concerns for businesses worldwide, according to Aon's latest Global Risk Management Survey. Despite their ranking, many UK businesses remain uninsured and unprepared for potential cyber threats.

The rapid shift to digital platforms and AI technologies has expanded the attack surface for cyber threats. However, only 13% of respondents have quantified their cyber exposure, despite it ranking as the top current and future risk in Aon's survey. This lack of preparation is concerning, especially as high-profile UK businesses like M&S, the Co-op, Harrods, Jaguar, and major airports do not have cyber insurance coverage.

Geopolitical volatility, once a lower concern, has risen to the tenth spot, a 12-place jump since 2023. Businesses have suffered losses in international projects and investments due to geopolitical and economic risks. By 2028, geopolitical volatility is expected to rank fifth among future risks. In Aon's 2025 survey, 'Cyber Attack or Data Breach' secured the number one position, with geopolitical volatility entering the top ten for the first time.

To mitigate financial and reputational losses from cyber attacks and geopolitical volatility, businesses are urged to embed cybersecurity into board-level strategies and invest in risk quantification. This proactive approach can help protect businesses from the growing threats they face in the digital age and volatile global landscape.