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 January 2026
1. 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)
2. Hana Bank – $59.2 million
Hana Bank fined KRW 86.93 billion over loan-to-value ratio collusion (ORX News subscribers log in to read the full summary)
3. Saxo Bank – $49.3 million
Saxo Bank fined DKK 313 million by the DFSA for AML failures (ORX News subscribers log in to read the full summary)
4. KB Kookmin Bank – $47.5 million
KB Kookmin Bank fined KRW 69.75 billion over loan-to-value ratio collusion (ORX News subscribers log in to read the full summary)
5. Santander – $47.1 million
Santander fined EUR 40 million over internal control deficiencies at digital unit Openbank (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.
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)
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 – $59.2 million
Hana Bank fined KRW 86.93 billion over loan-to-value ratio collusion (ORX News subscribers log in to read the full summary)
About ORX News
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- Enhance your internal loss data
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