Stromboli, the northernmost island of the Aeolian archipelago, is known for its persistent volcanic activity over the last several centuries and for its cone which, on clear days, is surmounted by a gas plume rising from its summit. The island hosts two settled areas: the village of Stromboli ( c. 500 inhabitants) to the NE and that of Ginostra ( c. 40 inhabitants) to the SW, both situated along the coast. In summer the number of residents grows considerably, reaching c. 5000 people. This paper provides a description of the present activity and reassesses volcanic hazards on the basis of data from a new monitoring system and from studies on the 2002–2003 and 2007 crises. The normal activity, that of mild Strombolian explosions, is occasionally interrupted by violent eruptions of variable scale (paroxysmal events) and lava flows. Volcanic hazards directly generated by eruptive activity consist of ballistic and tephra fallout, pyroclastic flows, lava flows, wildfires and minor lahars, presenting serious problems to the settled areas only occasionally. In addition to hazards directly related to eruptive phenomena, the Sciara del Fuoco depression has been the site of landslides at various scales, sometimes accompanied by the formation of tsunamis.