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Top 5 ORX News Losses: June 2025

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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
Find out more about ORX News

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

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.

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)

About ORX News

Created specifically for the financial sector, ORX News can help you:

  • 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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