Nearly 350 senior risk professionals participated in a COVID-19 Risks Perception Survey. This report taps into that data to provide a preliminary picture of amplified and emerging risks due to the pandemic. Four key areas of significant challenge emerge as global concerns: 1) economic risks, 2) environmental risks, 3) societal risks and 4) cybersecurity risks. A prolonged global recession over the next 18 months is likely with severely diminished economic activity due to COVID-19. New working patterns that rely on the Internet are more likely to be affected by cyberattacks and data fraud if proactive action is not taken. The report concludes, however, that this crisis offers a unique opportunity to shape a better world.