Most viewed ORX News loss events in Q3 2018
- 9 October 2018
New for 2018, at the end of each quarter, ORX News will 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 July 2018 and 30 September 2018:
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ING agreed to pay €775m in a fine and disgorgement for insufficiencies in its AML policies.
ORX News subscribers can read the story here -
Danske Bank is under investigation and its CEO resigned following revelations billions of dollars were laundered through its Estonian business.
ORX News subscribers can read the story here -
INR 944.2m ($13.5m) was stolen from Cosmos Bank by hackers who created a proxy switch and cloned several thousand debit cards.
ORX News subscribers can read the story here -
HSBC Broking Securities paid HKD 9.6m ($1.2m) to the Hong Kong SFC for inadequacies in its sales process for complex bonds.
ORX News subscribers can read the story here -
A DDoS attack on Lloyds’ servers between 11-13 January 2017 meant customers were unable to access online banking for 48 hours.
ORX News subscribers can read the story here -
Citigroup paid $5.8m to settle SEC charges it incorrectly reported $81m in losses caused by three traders who mismarked illiquid positions and made unauthorised trades.
ORX News subscribers can read the story here -
Deutsche Bank erroneously transferred EUR 28 billion to an account at Deutsche Boerse’s Eurex clearing house during the week beginning 23 March 2018 when conducting a daily collateral adjustment.
ORX News subscribers can read the story here -
TSB has provisioned £145.7m for customer redress and waived fees and charges following issues with the migration of customer data to a new system.
ORX News subscribers can read the story here -
Hackers stole $13.5m worth of cryptocurrency from decentralised cryptocurrency platform Bancor.
ORX News subscribers can read the story here -
SocGen has provisioned €1.1bn to cover penalties it expects to receive from US authorities over international sanctions violations.
ORX News subscribers can read the story here