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 July 2025
1. Santander – $908 million
Santander ordered to pay around GBP 675 million to AXA for losses related to PPI mis-selling (ORX News subscribers log in to read the full summary)
2. BMP Sociedade de Crédito – $99 million
BMP Sociedade de Crédito loses up to BRL 541 million after cyberattack on C&M Software (ORX News subscribers log in to read the full summary)
3. Barclays – $65 million
Barclays pays GBP 48.7 million in fines and compensation over AML failures (ORX News subscribers log in to read the full summary)
4. State Farm – $55 million
State Farm to pay USD 54.7 million over alleged undervaluing of motor claims (ORX News subscribers log in to read the full summary)
5. SBI – $54 million
SBI Securities to pay JPY 8 billion in compensation for hijacking of securities accounts (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.
State Farm – $55 million
State Farm to pay USD 54.7 million over alleged undervaluing of motor claims (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
State Farm – $55 million
State Farm to pay USD 54.7 million over alleged undervaluing of motor claims (ORX News subscribers log in to read the full summary)
Global
Santander – $908 million
Santander ordered to pay around GBP 675 million to AXA for losses related to PPI mis-selling (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
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- Enhance your internal loss data
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