Humans face various hazards, making it challenging to apply a precautionary approach to all of them. Instead, individuals prioritize risk reduction based on perceived threats and lived experiences, often considering multiple hazards simultaneously. This study explores how public perceptions of multiple hazards are interconnected and change over time in Italy and Sweden, using data from three representative surveys (n = 12,476) conducted in August 2020, November 2020, and August 2021. We assess risk perception across three dimensions (likelihood, impact, and authority knowledge) for nine hazards, including epidemics, climate change, and natural disasters. Findings reveal that recently encountered hazards, such as COVID-19, become more closely connected to other hazards. At the same time, connections among hazards such as wildfires, droughts, and floods remain stable over time. These results indicate a dual component of public risk perception of multiple hazards, offering valuable insights for shaping public health policies and climate adaptation strategies.