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 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 August 2025
1. JPMorgan Chase & Co – $331 million
JPMorgan agrees to pay MYR 1.4 billion to Malaysia to settle claims related to 1MDB scandal (ORX News subscribers log in to read the full summary)
2. Prudential Financial – $100 million
Assurance IQ fined USD 100 million by FTC for deceptively marketing health insurance plans (ORX News subscribers log in to read the full summary)
3. National Australia Bank – $85 million
NAB to incur AUD 130 million in costs for underpaying wages to staff (ORX News subscribers log in to read the full summary)
4. Woodford Investment Management – $53 million
Woodford Investment Management fined GBP 40 million by FCA over fund management failures (ORX News subscribers log in to read the full summary)
5. Paxos – $49 million
Paxos Trust fined USD 48.5 million over AML failures and Binance crypto partnership (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.
Prudential Financial – $100 million
Assurance IQ fined USD 100 million by FTC for deceptively marketing health insurance plans (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
Prudential Financial – $100 million
Assurance IQ fined USD 100 million by FTC for deceptively marketing health insurance plans (ORX News subscribers log in to read the full summary)
Global
JPMorgan Chase & Co – $331 million
JPMorgan agrees to pay MYR 1.4 billion to Malaysia to settle claims related to 1MDB scandal (ORX News subscribers log in to read the full summary)
About ORX News
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- 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
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