Foreword 3

Executive summary 4

1 Five years of the Global Cybersecurity Outlook 9

2 The view from the top: CEOs’ priorities in a shifting cyber landscape 10

3 The trends reshaping cybersecurity 17

3.1 AI is reshaping risk, accelerating both offence and defence 18

3.2 Geopolitics is a defining feature of cybersecurity 24

3.3 The evolving landscape of cybercrime: AI, fraud and the global response 30

3.4 Cyber resilience is the key to safeguarding economic value 34

3.5 Securing supply chains amid opacity and concentration risks 45

3.6 Drivers of cyber inequity in 2026 48

3.7 Future threat vectors are emerging in silence 54

Conclusion 56

Appendix: Methodology 57

Contributors 58

Endnotes 61