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Cyber threats and AI-enabled fraud seen as top cascading risk combo
A Hiscox survey of 800 risk managers found 51% regularly face multiple interconnected risks, and 94% think cascading risks are underestimated.
Hiscox said its Global Risk Report 2026 found cyber threats and AI-enabled fraud are the strongest risk combination, with 55% of respondents citing the pair as a driver of cascading disruption.
The report also found 51% of risk managers regularly experience multiple interconnected risks at the same time, while 94% believe their organizations underestimate how cascading risks escalate across a business.
Hiscox’s survey of 800 risk managers at multinational organizations across eight regions said 65% believe risks are more interconnected today than they were five years ago, with the highest shares reported in the United Kingdom at 76% and the United States at 72%.