Most viewed ORX News loss events in Q1 2019

At the end of each quarter, ORX News publish a summary of the ten most viewed loss events in the ORX News database. The loss events are ranked by number of views, and listed with their business line and event type.

ORX News is an industry-leading provider of publicly reported operational risk loss events. For more information or if you are interested in subscribing, please visit the ORX News homepage.

The most viewed stories on the ORX News site between 1 January 2019 and 31 March 2019:

1. A power shutdown at a Wells Fargo data facility was automatically triggered by smoke produced during routine maintenance.
   ORX News subscribers can read the story here

2. Wells Fargo has paid a total of $1.46bn in fines, restitution and settlements between September 2016 and December 2018 for opening fraudulent customer accounts.
   ORX News subscribers can read the story here

3. Bank of Valletta shut down its systems after cybercriminals fraudulently transferred €13m. The bank took steps to reverse the transactions.
   ORX News subscribers can read the story here

4. Deutsche Bank has paid $7.41bn in fines and settlements between July 2010 and December 2018 for mis-selling mortgage-backed securities.
   ORX News subscribers can read the story here

5. In February 2019, Transamerica agreed to pay $120.7m to settle a class action lawsuit over increases in monthly deduction rate adjustments.
   ORX News subscribers can read the story here

6. Bank of America pays $22m to settle a class action lawsuit over wrongly-charged overdraft fees for transactions involving Uber.
   ORX News subscribers can read the story here

7. Italy’s antitrust regulator fined Intesa Sanpaolo €3m for misrepresenting information about the purchase of diamonds in its role as a third-party seller.
   ORX News subscribers can read the story here

8. In February 2019, hackers destroyed all of VFEmail’s US data, backups and system infrastructure. The attack was carried out from a server hosted in Bulgaria.
   ORX News subscribers can read the story here

9. Burglars broke into deposit boxes at BNP Paribas after climbing through sewage pipes to access the bank’s vaults.
   ORX News subscribers can read the story here

10. Hackers stole 25 million roubles from IT Bank through a phishing attack. The bank was criticised for not spending enough on its IT systems.
    ORX News subscribers can read the story here