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 March 2025
1. Galaxy - $200 million
Galaxy to pay USD 200 million for not disclosing intent to sell Luna tokens (ORX News subscribers log in to read the full summary)
2. Aspiration Partners - $145 million
Aspiration Partners fund defrauded of USD 145 million by co-founder (ORX News subscribers log in to read the full summary)
3. Stifel - $132.6 million
Stifel ordered to pay USD 132.6 million by FINRA for over-concentrating family accounts in notes (ORX News subscribers log in to read the full summary)
4. Westpac - $81.8 million
Westpac to pay AUD 130 million over flexible commission on car loans (ORX News subscribers log in to read the full summary)
5. AEON - $66.9 million
AEON suffers JPY 9.9 billion loss from credit card small-sum payment fraud (ORX News subscribers log in to read the full summary)
Largest insurance loss
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Escap - $419,000
Escap fined ZAR 7.6 million over unapproved non-insurance business and outsourcing failures (ORX News subscribers log in to read the full summary)
Largest losses by region
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North America
Galaxy - $200 million
Galaxy to pay USD 200 million for not disclosing intent to sell Luna tokens (ORX News subscribers log in to read the full summary)
Europe, Middle East and Asia
Westpac - $81.8 million - Europe, Middle East and Asia
Westpac to pay AUD 130 million over flexible commission on car loans (ORX News subscribers log in to read the full summary)
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