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 February 2026
1. Chow Tai Fook Group – $191.9 million
Chow Tai Fook Group units to pay up to HK 1.5 billion over takeover rule violations (ORX News subscribers log in to read the full summary)
2. IDFC First Bank – $64.3 million
IDFC First Bank pays INR 5.83 billion over alleged employee fraud of government-linked accounts (ORX News subscribers log in to read the full summary)
3. Agrobank – $51.9 million
Agrobank suffers MYR 203.8 million loss from online fraud incident (ORX News subscribers log in to read the full summary)
4. Kaiser Permanente – $31.2 million
Kaiser Permanente to pay USD 31.2 million over claims it failed to provide mental health services (ORX News subscribers log in to read the full summary)
5. Vanguard – $29.5 million
Vanguard pays USD 29.5 million to settle claims of anticompetitive collusion in US coal markets (ORX News subscribers log in to read the full summary)
Largest insurance loss
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Kaiser Permanente – $31.2 million
Kaiser Permanente to pay USD 31.2 million over claims it failed to provide mental health services (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
Kaiser Permanente – $556.8 million
Kaiser Permanente to pay USD 556.8 million over claims it filed false diagnoses to defraud Medicare (ORX News subscribers log in to read the full summary)
Global
Hana Bank – $191.9 million
Hana Bank fined KRW 86.Chow Tai Fook Group units to pay up to HK 1.5 billion over takeover rule violations - Hong Kong (ORX News subscribers log in to read the full summary)
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