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 June 2025
1. GVA Capital - $216 million
GVA Capital fined USD 216 million for managing investment for sanctioned Russian oligarch (ORX News subscribers log in to read the full summary)
2. Nobitex - $90 million
Nobitex loses over USD 90 million in cyberattack claimed by alleged pro-Israel hackers (ORX News subscribers log in to read the full summary)
3. HMRC - $63.6 million
HMRC loses GBP 47 million via phishing attack on taxpayers' accounts (ORX News subscribers log in to read the full summary)
4. Kansas City Life Insurance - $45 million
Kansas City Life Insurance to pay USD 45 million over universal life insurance rate costs (ORX News subscribers log in to read the full summary)
5. Guizhou- $42.5 million
Bank of Guizhou chairman issues CNY 304.6 million in fraudulent loans (ORX News subscribers log in to read the full summary)
Largest insurance loss
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Kansas City Life Insurance - $45 million
Kansas City Life Insurance to pay USD 45 million over universal life insurance rate costs (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
GVA Capital - $216 million
GVA Capital fined USD 216 million for managing investment for sanctioned Russian oligarch (ORX News subscribers log in to read the full summary)
Global
Nobitex - $90 million
Nobitex loses over USD 90 million in cyberattack claimed by alleged pro-Israel hackers (ORX News subscribers log in to read the full summary)
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