In today’s environment—marked by accelerating threats like ransomware, increasingly complex supply chains, and the growing footprint of AI and IoT—managing cyber risk has never been more urgent or more difficult. Our latest research with Sapio Research, The State of Cyber Risk and Exposure 2025, draws on the insights of 1,000 cybersecurity and cyber risk leaders around the world to understand what they are focused on today and what will be keeping them up tomorrow.