Cyber Fraud, Not Ransomware, is Now Businesses’ Top Security Concern

The World Economic Forum’s Global Cybersecurity Outlook 2026 finds cyber-enabled fraud has overtaken ransomware as the top concern for business leaders, driven by widespread phishing, payment fraud, and identity theft, while AI emerges as the most significant force reshaping both attack and defense. The report underscores rapidly growing AI-related vulnerabilities, strong geopolitical influences on risk mitigation, and uneven confidence in national cyber preparedness, urging coordinated, cross-sector resilience strategies to keep pace with the accelerating threat landscape.