Most viewed ORX News loss events in Q4 2018

  • 4 January 2019

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 October 2018 and 31 December 2018:

  1. ING agreed to pay €775m in a fine and disgorgement for insufficiencies in its AML policies.
    ORX News subscribers can read the story here

  2. 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

  3. Bank of America and its subsidiaries have paid a total of $26.69bn in fines, settlements and disgorgement between May 2011 and October 2018.
    ORX News subscribers can read the story here

  4. In October 2018, Tesco Bank was fined £16.4m by the FCA over failures relating to a 2016 cyberattack which led to losses of £2.5m.
    ORX News subscribers can read the story here

  5. 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

  6. Hackers accessed HSBC USA online customer accounts in October 2018 and may have stolen customer details.
    ORX News subscribers can read the story here

  7. JPMorgan has paid $93.6m in two settlements in relation to transactions prohibited under US embargo laws.
    ORX News subscribers can read the story here

  8. Capital One was fined $100m by the OCC for AML deficiencies after it failed to comply with a 2015 consent order.
    ORX News subscribers can read the story here

  9. Voya Financial paid $1m to the SEC for deficiencies in its cybersecurity policies which allowed hackers to enter its systems in 2016.
    ORX News subscribers can read the story here

  10. In October 2018, HSBC reached a $765m settlement with the DoJ over MBS claims, bringing its total paid to $904.8m.
    ORX News subscribers can read the story here

Download Q4's most viewed loss events

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ORX News is an industry-leading provider of publicly reported operational risk loss event data from around the globe.

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