How AI-fueled cyberattacks could drive a new wave of risk clustering

“Cyber risk is increasingly systemic, operational and identity-driven,” said Xavier Marguinaud (pictured on the left), head of cyber – international at Tokio Marine HCC. “Many of the most significant events (in 2025), including ransomware attacks, were not isolated data breaches, but disruptions that cascaded across suppliers, cloud platforms and entire sectors. This highlights how interconnected modern digital ecosystems have become.”