ORX News

ORX News:
The service that puts global op risk events at your fingertips

Whether you’re looking to enrich your operational risk loss data, train employees on what could happen or enhance your scenario development, ORX News can help.

ORX News is an industry-leading provider of publicly reported operational risk loss events from around the world. It is a single source for data and analysis, specifically covering the banking, insurance and asset management sectors, plus large cyber loss events from other industries.

“We leverage the ORX News service to a great extent, not only to inform our scenario analysis program but also to inform our business risk committees.”
ORX News subscriber

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Current subscribers log into ORX News here | See if your firm subscribes and request access

Why subscribe to ORX News?

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Speedy global media scanning
A team of specialist researchers seek out loss events from the global financial sector, which you are then able to access on our platform within 72 hours (24 hours for the headline).
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Detailed yet concise summary articles
The team writes a summary piece on each loss event which provides you with all of the key details from an operational risk perspective, in addition to links for each of the source articles.
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Easy searching & reporting
ORX News categorises all events so that you can do advanced searches easily. You can filter loss events by category, e.g. business line or event type, or search by keyword. You can also export reports.
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Customised to your interests
Save filters and set your own notifications. Decide yourself what kind of events you want to be notified about (with numerous filters to choose from), whether to receive email alerts, and how often.
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Free Deep Dives
You can commission up to three longer “Deep Dive” pieces per year on anything you’re particularly interested in, as well as access over 100 existing deep dives.
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More cyber events
Since 2018, ORX News has captured high-impact cyber events at firms outside the financial services sector to provide you with even more insight into this high priority risk.
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Integrate with your system
Automatically pull ORX News data into your own system (e.g. your GRC platform) with an API. Use the API to seamlessly pull through information and enhance your existing reports and dashboards.
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Uses ORX Reference Taxonomy
Filter the ORX News stories using categories that reflect current operational risk practice. Each ORX News story now has a level 2 value taken from the ORX Reference Taxonomy.

Get the latest op risk events and analysis

ORX News

ORX News pricing

The annual subscription for ORX News in 2022 is £35,000 per institution (remember, you can set up an unlimited number of users from your organisation). Or, if your firm is currently a member of ORX then you pay just £20,950, saving over £10,000 a year! To find out more about how the service can help your firm or to book a free trial, contact us today.

"We rely very heavily on the ORX News database for our scenario modelling. This increases in importance as a number of regulators push towards forward-looking scenarios and away from anonymised/ generalised loss data analytics."
ORX News subscriber

Get in touch to see ORX News in action 

Current subscribers log into ORX News here | See if your firm subscribes and request access
Top 5 chart October 2021
ORX News
5 largest operational risk losses: October 2021
John Bosnell
11 November 2021
Discover the 5 largest op risk loss events recorded by the ORX News team in October 2021. This month's top 5 includes a fine over interest calculations on revolving credit, a hacker exploiting an administrator private key, and a flash loan attack.
ORX News
5 largest operational risk losses: September 2021
John Bosnell
8 October 2021
Discover the 5 largest op risk loss events recorded by the ORX News team in September 2021. This month's top 5 includes investor funds in fraudulent offering, a WestLB cum-ex tax debt, and a failure to adequately prepare trading system.
ORX News
ORX News Deep Dive: Colpipe pay $4.4m ransom
John Bosnell
17 September 2021
Download the free operational risk Deep Dive from ORX News to find out why Colpipe paid a ransom of $4.4m following a cyber attack that disrupted their operations.
Top 5 chart August 2021
ORX News
5 largest operational risk losses: August 2021
John Bosnell
15 September 2021
Discover the 5 largest op risk loss events recorded by the ORX News team in August 2021. This month's top 5 includes a hack exploiting system vulnerability, a scheme that defrauded hundreds of customers, and illegal operation and insufficient AML controls
More resources from ORX News

How do financial firms use ORX News?

Scenario generation
Help to generate realistic scenarios and audit your scenario portfolio.
Trends and analysis
Run regular reports to identify and monitor risk trends.
Awareness and training
Build awareness of the types of losses across the industry.
Challenge the business
Use losses to challenge business colleagues’ perceptions of their risk profile.

Want to see ORX News in action?

Request a free trial or demo of the service

About the ORX News service

About ORX News

Current ORX News subscriber map

Over
70
subscribers
More than
9,300
stories
From over
150
countries

Find out more

ORX News is available to institutions whether or not you are part of ORX membership. For more information about the service and how to subscribe...

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