Cyber threats are the leading business concern for medium and large companies this year, according to the 2025 Travelers Risk Index, released Tuesday. Among businesses of all sizes, however, cyber risks ranked third as most concerning, with 56% of respondents saying they “worry some or a great deal” about such risks. Broad economic uncertainty and medical cost inflation were both chosen by 58% of respondents as the top business concern. The 56% that “worry some or a great deal” about cyber threats is down from 62% in 2024. Despite the declining concern, cyberattacks were up, with 25% saying they had suffered a data breach or cyber event, compared with 24% in 2024.