This report explores the key trends in four areas of cybersecurity risk facing organizations worldwide in 2025. It explores social engineering risk, exploring an increase in people clicking on phishing links; personal app risk, examining an ongoing trend of users uploading data to personal apps; genAI app risk, showing aggressive adoption of genAI apps continuing worldwide, and adversarial risk, highlighting the most active adversary groups. The report also highlights the most common and effective strategies for limiting these risks.