Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month by industry and region. The top five provides a snapshot of the stories in the ORX News database.
ORX News is the industry’s leading source of publicly-reported operational and non-financial risk loss events. Subscribers get full access to the summaries of the losses mentioned below. Each summary provides an overview of the loss and is categorised by over 50 dimensions including:
- Sector, country and region
- Business line and event type level 1 and 2
- ORX Reference Taxonomy standard level 1 and 2
Read on to discover the top operational risk loss events that have had the most impact for February based on loss amount, followed by the largest loss for insurance, and finally the top losses in the North America and Europe, Middle East and Asia regions.
Five largest operational risk losses in April 2025
1. Bank of America - $540.3 million
Bank of America to pay USD 540.3 million to FDIC for underpaying deposit insurance premiums (ORX News subscribers log in to read the full summary)
2. Emeraude Friends investors - $116.1 million
Emeraude Friends investors lose EUR 106 million in alleged Ponzi scheme (ORX News subscribers log in to read the full summary)
3. UPCX - $70 million
UPCX loses USD 70 million in crypto assets in cyberattack (ORX News subscribers log in to read the full summary)
4. Grupo Itaú - $42.7 million
Grupo Itaú to reimburse customers BRL 253.7 million for wrongly applied emergency fees (ORX News subscribers log in to read the full summary)
5. Pentegra Retirement Service - $38.8 million
Pentegra Retirement Services pays USD 38.8 million over excessive 401(k) plan fees (ORX News subscribers log in to read the full summary)
Largest insurance loss
Subscribers of ORX News can log into the ORX News platform to read the complete list of the top five losses from the insurance sector.
Pentegra Retirement Services - $38.8 million
Pentegra Retirement Services pays USD 38.8 million over excessive 401(k) plan fees (ORX News subscribers log in to read the full summary)
Largest losses by region
Subscribers of ORX News can log into the ORX News platform to view all top five losses by region.
North America
Bank of America - $540.3 million
Bank of America to pay USD 540.3 million to FDIC for underpaying deposit insurance premiums (ORX News subscribers log in to read the full summary)
Global
Emeraude Friends investors - $116.1 million - France
Emeraude Friends investors lose EUR 106 million in alleged Ponzi scheme (ORX News subscribers log in to read the full summary)
About ORX News
Created specifically for the financial sector, ORX News can help you:
- Identify loss trends you need to be aware of
- Increase awareness of operational risk across your organisation
- Get data and information to support scenario modelling
- Enhance your internal loss data
If you haven't subscribed yet, get in touch with us to learn more about the service.
