ORX News

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The latest news, updates and useful information from ORX

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Abstract cyber image
Latest news
Top 5 cyber risks and how they've changed in the pandemic
Melanie Lavallin
3 September 2020
A recent ORX study showed that cyber and information security risks have changed as a result of coronavirus. We surveyed cyber experts in our operational risk community to find out more - here are the top 5 level 2 cyber risks.
Industry news
ORX to respond to BCBS resilience & PSMOR consultations
Luke Carrivick
16 September 2020
Find out what's in the BCBS operational resilience consultation and their recent update to the principles for the sound management of operational risk and how ORX is coordinating an industry response.
Industry news
Banks pay out fines for cyber-related breaches
John Bosnell
15 September 2020
This month's story combines two separate events where Bank of Ireland and Capital One were fined for cyber-related breaches.
Top 5 chart August 2020
Industry news
5 largest operational risk losses: August 2020
John Bosnell
14 September 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in August 2020. This month's top 5 includes a clerical error, a fine over overdraft enrollment practices, and a failure to establish cyber risk management processes.
Frayed, taut rope
Press release
CCAR benchmark study shows firms face 3 new challenges
Esther Britton
4 September 2020
The latest CCAR benchmark study from ORX showed that firms faced three main new challenges in 2020 – timing and resources, modelling and macro-economic factors. Read the summary report for more information.
Industry news
Impact of coronavirus on operational risk: ORX News round-up
John Bosnell
2 September 2020
ORX News is providing a regular round-up of the operational risk impacts of coronavirus on financial firms worldwide, including its impact on operations and what actions firms are taking to help clients.
Latest news
Welcoming the new ORX Chair, Lisa Broomer
Esther Britton
25 August 2020
At the ORX AGM in June, Lisa Broomer from JPMorgan Chase, Head of Firmwide Operational Risk Capital and Stress Team at JPMorgan, was elected the new Chair of the ORX Board for 2020.
Blue virus
Latest news
Five lessons operational risk can learn from the pandemic
Amy Lauder
18 August 2020
The world’s largest operational risk association, ORX, recently published a report on the key lessons businesses can learn from dealing with the coronavirus (Covid-19) pandemic.
Industry news
Australian Banks pay out for incorrectly paying employees
John Bosnell
17 August 2020
Over the course of 2019 and 2020, two of Australia’s big four banks, Westpac and Commonwealth Bank (CBA), have begun the process of repaying thousands of staff who had been underpaid as a result of systems errors at both institutions.
Industry news
5 largest operational risk losses: July 2020
John Bosnell
10 August 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in July 2020. This month's top 5 includes a fine for compliance failures, SEC charges over retirement plans disclosure failures, and debt write-downs on pension funds.
Latest news
How coronavirus has impacted operational risk profiles and how firms are responding
Esther Britton
30 July 2020
Read this interview with one of the ORX researchers to learn more about how the pandemic is changing operational risk profiles, what the industry is doing in response and what could be the long-term effects.
Blog
The invisible co-worker
27 July 2020
Read this thought piece from Mark Cooke, former Chair of ORX on the impact of coronavirus on operational risk and how the workplace will change in response.
Press release
Operational risk reports show losses decrease
Esther Britton
23 July 2020
ORX have just released their latest annual operational risk loss reports for the banking and insurance sectors. Both reports show that operational risk losses have decreased again – but what will the impact of coronavirus (Covid-19)?
Industry news
BCBS Basel III update shows little progress
Luke Carrivick
16 July 2020
The BCBS has published its Eighteenth progress report on adoption of the Basel regulatory framework, confirming that very few jurisdictions have formally made progress on their implementation of the revised operational risk framework.
Blog
FRB announces banks must complete 2nd CCAR in 2020
Sarah Reed
15 July 2020
The FRB released the CCAR stress testing results last month, including the announcement that banks must complete a second stress test exercise. Read more about the results.
Industry news
10 most popular loss events: ORX News Q2 2020
John Bosnell
15 July 2020
Find out which operational risk loss events were the most commonly read on ORX News from 1 April 2020 to 30 June 2020.
Industry news
5 largest operational risk losses: June 2020
John Bosnell
15 July 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in June 2020. This month's top 5 includes a fine for deficiencies in AML measures, misrepresenting the value of reserves, and improper fees and illegal interest rates.
Press release
ORX publishes report on lessons learnt for op risk from coronavirus
Esther Britton
14 July 2020
The report, developed from conversations with more than 100 of ORX’s member organisations, looks at what went well and what could have been improved in operational risk's response to the coronavirus pandemic.
Industry news
Messaging app to pay USD 18.5 million over unregistered offering of securities
John Bosnell
10 July 2020
On 26 June 2020, the US Securities and Exchange Commission (SEC) announced that it had obtained court approval of a settlement with messaging app, Telegram, who agreed to pay a fine of USD 18.5 million over an unregistered securities offering.
Blog
Regulators mirror banks on climate risk challenges
Simon Johnson
30 June 2020
Recent papers have shown that climate risk management challenges faced by banks are reflected in the problems faced by regulators. Read this analysis to find out more.
Press release
Bank ABC joins ORX as membership continues to grow during pandemic
Esther Britton
24 June 2020
We’re delighted to announce that Bank ABC, headquartered in the Kingdom of Bahrain, has joined ORX. This innovative bank is our first member from the Middle East, and we hope they will be the start of a developing ORX community in that region.
Press release
Global operational risk association announces changes to its Board of Directors
Amy Lauder
16 June 2020
ORX, the world’s largest operational risk association with a membership of over 100 financial organisations from around the world has today announced changes to its Board of Directors.
Information
ORX Annual Review
Esther Britton
16 June 2020
Read our latest annual report to find out more about ORX, how we supported operational risk teams in 2019 and for our audited accounts.
Industry news
5 largest operational risk losses: May 2020
John Bosnell
8 June 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in May 2020. This month's top 5 includes a fake email scam, trade order routing misrepresentations, and misleading customers about charges for trade execution services.
Industry news
Bank to pay USD 2.5 million to settle class action over cryptocurrency credit card fees
John Bosnell
8 June 2020
Operational risk loss story of the month from ORX News: In May 2020, JPMorgan Chase agreed to pay $2.5m to settle a class action suit over credit card fees it charged customers who bought cryptocurrency using their Chase credit card.
Research
Operational risk & coronavirus: how are firms responding?
Luke Carrivick
5 June 2020
We're continually working with the financial organisations that are members of ORX to see how they are responding to coronavirus (Covid-19) from an operational risk management perspective. Here's what they telling us...
Information
Webinar: How to create a pandemic scenario
Esther Britton
26 May 2020
Learn about creating an operational risk scenario for a pandemic with this webinar from the ORX Scenarios team. The discussion includes risk drivers, impacts, risk identification and how scenario practice could change post-coronavirus.
Industry news
Bank fined for miscalculating its capital need
John Bosnell
15 May 2020
Operational risk loss story of the month from ORX News: In April, the Swedish financial regulator Finansinspektionen (FI) fined insurance company Skandia Liv $3.5m for miscalculating its capital need. Read the whole story from the ORX News service.
Industry news
5 largest operational risk losses: April 2020
John Bosnell
15 May 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in April 2020. This month's top 5 includes a failure to offer loan modifications, a money laundering scheme, and unregistered trading of securities.
Press release
ORX creates industry’s first cyber risk controls and indicators library
Esther Britton
14 May 2020
We're delighted to announce that ORX has launched our new controls and indicators library for cyber and information security risk management. Find out how the library will improve cyber risk management in the financial sector.
Industry news
10 most popular loss events: ORX News Q1 2020
John Bosnell
4 May 2020
Find out which operational risk loss events were the most commonly read on ORX News from 1 Jan 2020-31 Mar 2020.
Information
What risk drivers and impacts should you consider for pandemic scenarios?
Giuseppe Aloi
4 May 2020
Read more highlights from ORX Scenario discussions on pandemics, including the most significant risk drivers, for example staff absence and IT infrastructure capacity, and impacts such as HR and legal costs and conduct and processing errors.
Blog
Do operational risk taxonomies have a future?
Simon Wills
28 April 2020
ORX has recently published a new reference taxonomy for operational risk. It has been positively received by members, the industry and by supervisors. But, given the rise of advanced analytics, do taxonomy have a future?
Blog
What impact is coronavirus having on cyber risk profiles?
Steve Bishop
20 April 2020
Find out how of coronavirus (Covid-19) is affecting a financial firm's cyber risk profile. Key impacts include an increase in cyber attacks, the vulnerabilities of working from home and third and fourth party risks.
Blog
Coronavirus impact on fraud, conduct & reputation
Luke Carrivick
21 April 2020
How is coronavirus impacting fraud, conduct and reputational risk profiles? Here are some of the highlights of our conversations with senior operational risk managers at financial firms.
Industry news
Italian AGCM fines four banks for unfair commercial practices
John Bosnell
17 April 2020
Operational risk loss story of the month from ORX News: In March 2020, the Italian AGCM fined four banks for unfair commercial practices. Read the whole story from the ORX News service.
Latest news
5 current coronavirus priorities for op risk managers
Luke Carrivick
9 April 2020
Find out what the current coronavirus priorities for operational risk managers at financial firms are, including maintaining business-critical services, deploying debt relief packages and increasing internal collaboration.
Standards
Capturing operational risk impacts of coronavirus
John Bosnell
7 August 2020
Read our updated guidance on capturing the operational risk impacts due to the coronavirus pandemic, including which specific impacts to include and exclude and areas where we could make further refinements.
Research
Operational resilience & coronavirus: A UK perspective
Simon Johnson
7 August 2020
Read the key discussion points from our discussions with ORX member organisations active in the UK on the impact of coronavirus on operational resilience in financial institutions.
Industry news
Six top takeaways on creating pandemic scenarios
Giuseppe Aloi
7 April 2020
The ORX Scenarios team have been discussing best practice and guidance for creating pandemic scenarios with our network of practitioners. Read our key takeaways here, including ideas for creating a pandemic scenario storyline here.
Industry news
5 largest operational risk losses: March 2020
John Bosnell
7 April 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in March 2020. This month's top 5 includes a loan calculator error, contractual accounting failures and AML failures.
Press release
Groupama and New York Life bring ORX membership to 102
Esther Britton
26 March 2020
We are pleased to welcome Groupama and New York Life to ORX, bringing the number of ORX member firms up to 102. They'll benefit from exclusive access to operational risk data, research a global network of op risk experts.
Blog
Observations on the impact of coronavirus on op risk management
Luke Carrivick
20 March 2020
Luke Carrivick, Head of Research & Information at ORX, shares his observations on the impact coronavirus has had on operational risk management in financial services so far.
Industry news
Bank evacuated after employee coronavirus case
John Bosnell
16 March 2020
Operational risk loss story of the month from ORX News: In February 2020, DBS Bank announced that it had evacuated employees from an office in Singapore after an employee was confirmed to be infected with coronavirus (COVID-19).
Industry news
5 largest operational risk losses: February 2020
John Bosnell
11 March 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in February 2020. This month's top 5 includes three cases of loan fraud and a loss of $170m in fraudulent securities offerings.
Press release
ORX launches climate risk discussion groups
Esther Britton
28 February 2020
ORX is bringing our member organisations together to discuss the increasing impact and importance of climate risk on operational and non-financial risk management.
Press release
ORX brings operational risk community together to discuss resilience
Esther Britton
17 March 2020
Throughout 2020, we’ll be running a series of discussion groups focused on operational resilience. The groups will give operational risk professionals at our member organisations the chance to discuss this important topic
Information
The three lines of defence model explained
Simon Johnson
26 February 2020
The three lines of defence (or 3LOD) model is an accepted regulated framework designed to facilitate an effective risk management system. Traditionally, this model is used because it provides a standardised and comprehensive risk management process.
Industry news
Bank fined USD 17.9m for failure to buy flood insurance
John Bosnell
21 February 2020
Operational risk loss story of the month from ORX News: In January 2020, the US Office of the Comptroller of the Currency (OCC) announced that it had ordered Citibank to pay a USD 18 million (EUR 16.2 million) civil money penalty.
Industry news
5 largest operational risk losses: January 2020
John Bosnell
18 February 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in January 2020. This month's top 5 includes two cases of loan fraud and a loss of $100m of currency reserves in alleged embezzlement.
Information
How can op risk benefit from machine learning?
Annika Westphal
17 February 2020
Our recently published white paper identified five key ways that operational and non-financial risk management could benefit from using machine learning techniques. Find out what they were.
Latest news
Meet Alyson, our new data manager
Esther Britton
31 January 2020
We're delighted to introduce Alyson Foxon, who joined ORX in October 2019. Alyson will be leading on developing our loss data services. Find out what she's got planned for 2020.
Industry news
10 most popular loss events: ORX News Q4 2019
John Bosnell
31 January 2020
Find out which operational risk loss events were the most commonly read on ORX News from 1 Oct 2019-31 Dec 2019.
Press release
ORX plants 100 trees to celebrate 100th member
Esther Britton
24 January 2020
ORX is delighted to announce that this month we gained our 100th member. To celebrate reaching this important milestone, we've planted 100 trees – one for each of our current members.
Industry news
ORX News digest of the month – December 2019
John Bosnell
27 January 2020
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read December's featured digest here: A US Financial Industry Regulatory Authority (FINRA) arbitration panel ordered UBS to pay $11.2m.
Industry news
Monthly Top 5 ORX News Losses – December 2019
John Bosnell
23 January 2020
Find out the five largest operational risk loss events recorded by the ORX News team in December 2019. This month includes fines by the competition agency and a bitcoin company founder defrauding investors of USD $468 million.
Latest news
10 of the most popular op risk updates from ORX in 2019
Esther Britton
22 January 2020
It was a busy 2019 for ORX. Just in case you missed something, here’s a quick round-up of ten of our most popular articles, reports and other updates.
Latest news
Operational risk research studies and initiatives for 2020
Luke Carrivick
8 January 2020
We’ve just launched our programme of research studies, practice benchmarks and initiatives for 2020. Find out what operational risk topics we'll be studying in 2020.
Information
Six trends from the ORX Scenarios library in 2019
Giuseppe Aloi
6 December 2019
Since 2017, institutions have submitted more than 1,100 operational risk scenarios to the ORX Scenarios library. Read on for the key trends and insights from the library in 2019.
Industry news
Monthly Top 5 ORX News Losses – November 2019
John Bosnell
5 December 2019
The five largest operational risk loss events recorded by ORX News in November 2019, including Itau Unibanco being fined $903 million and Wells Fargo being fined $200 million.
Information
Three cases for machine learning in op risk
Annika Westphal
29 November 2019
Our analysis showed that there are three main areas where machine learning can be used in operational risk – fraud detection, text-mining for data augmentation and data quality assurance.
Latest news
ORX News API launched
John Bosnell
27 November 2019
We've just launched an API, meaning you can now integrate ORX News data with your own systems, making it even more valuable.
Industry news
ORX News digest of the month – November 2019
5 December 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read November's featured digest here: JPMorgan agrees to pay USD 3.8 million class action settlement over unpaid overtime
Press release
ORX to create cyber control and indicator libraries
Esther Britton
27 November 2019
ORX has gathered key controls and indicators from over 20 financial institutions based around the world. This information will allow us to create libraries of controls and indicators used for managing and monitoring cyber and information security risk.
Information
Four challenges of distributing cyber operational risk management responsibilities
Melanie Lavallin
13 November 2019
Financial institutions face four key challenges when distributing roles and responsibilities for cyber risk management, including lack of clarity; conflict of interest; resource and capacity; and low board-level understanding of cyber and IT.
Press release
ORX publishes reference taxonomy for operational and non-financial risk
Esther Britton
21 November 2019
Following on from our award-winning level 1 taxonomy, which was published in 2018, the new ORX Reference Taxonomy delves deeper into level 2 risks.
Industry news
Monthly Top 5 ORX News Losses – October 2019
John Bosnell
5 November 2019
Find out the five largest operational risk loss events recorded by the ORX News team in October 2019.
Industry news
ORX News digest of the month – October 2019
John Bosnell
5 November 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read October's featured digest here: Millennium Bim fined MZN 76 million by Bank of Mozambique for AML and CTF violations
Latest news
Meet our new Information Security Manager
Esther Britton
4 November 2019
We’re delighted to announce that David Phillips has recently been promoted to the role of Information Security Manager for ORX. We caught up with him to learn a bit more about his important role.
Press release
ORX surveys firms to find controls and indicators for cyber risk
Esther Britton
29 October 2019
We are currently surveying financial firms to find out what key controls and indicators they are using to manage cyber and information security risk. This survey is being done as part of our cyber and information security risk (CISR) programme.
Information
How to use ORX News to support your scenario practice
John Bosnell
29 October 2019
Did you know that you could use ORX News to support your firm’s operational risk scenario programme? Focused solely on operational risk, the ORX News service brings together publicly reported loss events from around the world.
Press release
BCP become 99th member of ORX
Esther Britton
28 October 2019
We’re pleased to announce that Banco de Crédito del Perú (BCP) have just joined ORX, becoming our 99th member.
Industry news
European Commission publishes public consultation on Basel III reforms
Luke Carrivick
15 October 2019
On Friday 11 August the European Commission published a public consultation document in “Implementing the final Basel III reforms in the EU”.
Industry news
SMA implementation tracker
Luke Carrivick
15 October 2019
Find out which jurisdictions have confirmed their SMA plans and what the differences in implementation and capital impact are.
Industry news
Monthly Top 5 ORX News Losses – September 2019
John Bosnell
3 October 2019
Find out the five largest operational risk loss events recorded by the ORX News team in September 2019.
Industry news
ORX News digest of the month – September 2019
John Bosnell
3 October 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read September's featured digest here: ING Bank to pay customers compensation over QR code fraud via mobile banking accounts
Industry news
Monthly Top 5 ORX News Losses – August 2019
John Bosnell
5 September 2019
Find out the five largest operational risk loss events recorded by the ORX News team in August 2019.
Industry news
Most viewed ORX News loss events in Q3 2019
John Bosnell
7 October 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the third quarter of 2019.
Industry news
ORX News digest of the month – August 2019
John Bosnell
5 September 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read August's featured digest here: DSK Bank fined BGN 1 million after third parties access over 33,000 customers’ data
Blog
Five key elements for creating an op risk scenario storyline
Giuseppe Aloi
4 September 2019
Learn how to develop comprehensive scenario storylines. This blog focuses on cyber-related data breach.
Press release
Over 60 taxonomies analysed for new reference taxonomy
Steve Bishop
28 August 2019
Working with a leading consultant, we've developed a draft of our enhanced reference taxonomy. At the moment the draft contains 16 level 1 risks, supported by 75-80 level 2 risks.
Research
Four benefits of adopting the ‘umbrella’ approach to op risk management
Luke Carrivick
27 August 2019
What are the benefits of implementing 'umbrella' approach to operational risk management? Our study identified four main benefits – consistency and completeness; efficiency; effectiveness and agility.
Industry news
Monthly Top 5 ORX News Losses – July 2019
John Bosnell
7 August 2019
Find out the five largest operational risk loss events recorded by the ORX News team in July 2019.
Industry news
ORX News digest of the month – July 2019
John Bosnell
7 August 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read July's featured digest here: Capital One expects to pay USD 150 million after hacker steals information of 106 million individuals
Industry news
OSFI opts for standardised approach transition year ahead of SMA
Luke Carrivick
25 July 2019
On 18 July, OSFI announced its plans for moving to the SMA. In preparation, OSFI is introducing a transition year – in 2020, banks will revert to the Basel II standardised approach before changing to the SMA in 2021.
Blog
Nine highlights from our 2019 Analytics and Scenario Forum
Giuseppe Aloi
31 July 2019
More than 50 people attended our recent Analytics and Scenario Forum. Find out what they discussed.
Industry news
Most viewed ORX News loss events in Q2 2019
John Bosnell
11 July 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the second quarter of 2019.
Industry news
ORX News digest of the month – June 2019
John Bosnell
10 July 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read June's featured digest here: Chilean banks face outsourcing failures
Industry news
Monthly Top 5 ORX News Losses – June 2019
John Bosnell
2 July 2019
Find out the five largest operational risk loss events recorded by the ORX News team in June 2019.
Latest news
2019 HORF reflects changing op risk environment
Roland Kennett
26 June 2019
The 2019 ORX Heads of Operational Risk Forum came at time of unprecedented change for the industry. Operational risk managers are facing new challenges across all areas.
Latest news
ORX wins Initiative of the Year at the 2019 Operational Risk Awards
Marina Vissaridis
17 June 2019
We are delighted to announce that ORX has won Initiative of the Year at the 2019 Operational Risk Awards. Held on 18 June 2019 in New York, the Operational Risk Awards honour excellence in op risk management and compliance.
Press release
Aegon joins ORX
Marina Vissaridis
14 June 2019
We are pleased to announce that Aegon have joined ORX to become our 98th member institution.
Industry news
Loss data included in EBA's recommended implementation of SMA
Luke Carrivick
8 August 2019
On 2 July 2019, the EBA published the summary results of their work on the Basel III implementation assessment and QIS impact study. See what they recommended.
Latest news
Insurers meet for their annual European forum in Munich
Steve Bishop
13 June 2019
In May, representatives from 15 insurance firms gathered in Munich for the annual ORX European Insurance Forum. They discussed the priorities and challenges facing the industry today, RCSA and the future of op risk management and data.
Industry news
No place for historical losses in APRA's plans for op risk capital
Luke Carrivick
6 June 2019
In an industry consultation today the APRA set out its plans for adoption of the SMA to Pillar I Operational Risk capital. Find out more about their plans.
Latest news
Scenario library grows to over 1050 scenarios
Giuseppe Aloi
7 June 2019
The scenario library has just been published for 2019. It now has more than 1050 scenarios from over 45 institutions.
Industry news
Monthly Top 5 ORX News Losses – May 2019
John Bosnell
6 June 2019
Find out the five largest operational risk loss events recorded by the ORX News team in May 2019.
Industry news
ORX News digest of the month – May 2019
John Bosnell
6 June 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read May's featured digest here: BoA suffers losses of USD 375,000 following cyberattack using GozNym malware
Blog
How do scenarios help improve op risk management?
Luke Carrivick
3 June 2019
We asked our Head of Research and Information, Dr Luke Carrivick, a few questions about using scenarios as a method for improving operational risk management.
Industry news
ORX News digest of the month – April 2019
John Bosnell
10 May 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read April's featured digest here: Zurich fined USD 5.1 million by DoJ over sale of products used for tax evasion
Industry news
Monthly Top 5 ORX News Losses – April 2019
John Bosnell
10 May 2019
Find out the five largest operational risk loss events recorded by the ORX News team in April 2019.
Industry news
Most viewed ORX News loss events in Q1 2019
John Bosnell
26 April 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the first quarter of 2019.
Industry news
ORX News digest of the month – March 2019
John Bosnell
9 April 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read March's featured digest here: Wells Fargo pays USD 17.4 million to investors through SEC share class initiative
Industry news
Monthly Top 5 ORX News Losses – March 2019
John Bosnell
9 April 2019
Find out the five largest operational risk loss events recorded by the ORX News team in March 2019.
Latest news
Exploring the impact of advanced analytics on op risk
Esther Britton
2 April 2019
What impact will artificial intelligence and machine learning have on operational and non-financial risk? Our new Machine Learning Working Group will explore this question.
Industry news
Most viewed ORX News loss events in Q1 2019
John Bosnell
26 April 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the first quarter of 2019.
Press release
Digital continues to dominate the operational risk landscape
4 March 2019
Digital and information security risks came out top in the latest, annual ORX Operational Risk Horizon study. Information security (including cyber risk) was first in the list of current operational risks.
Industry news
Monthly Top 5 ORX News Losses – February 2019
John Bosnell
12 March 2019
Find out the five largest operational risk loss events recorded by the ORX News team in February 2019.
Industry news
ORX News digest of the month – February 2019
John Bosnell
13 March 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read February's featured digest here: Bank of Valletta suspends services after hackers falsify transactions to steal EUR 13 million
Latest news
Annual Top 10 losses 2018
John Bosnell
8 February 2019
The ORX News annual review of the Top 10 largest operational risk loss events of 2018. All of the loss events covered are taken from the Top 5 largest loss event articles that are published every month.
Industry news
Monthly Top 5 ORX News Losses – January 2019
John Bosnell
20 February 2019
Find out the five largest operational risk loss events recorded by the ORX News team in January 2019.
Industry news
ORX News digest of the month – January 2019
John Bosnell
26 February 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read January's featured digest here: Hackers access SEC EDGAR database to steal files and execute insider trades
Press release
Groupe BPCE joins ORX
Marina Vissaridis
1 February 2019
We are pleased to announce that Groupe BPCE have joined ORX.
Industry news
Monthly Top 5 ORX News Losses – December 2018
11 January 2019
Find out the five largest operational risk loss events recorded by the ORX News team in December 2018.
Industry news
ORX News digest of the month – December 2018
11 January 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read December's featured digest here: Barclays receives USD 15 million fine for shortcomings in whistle-blower function
Industry news
Most viewed ORX News loss events in Q4 2018
4 January 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the fourth quarter of 2018.