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 and the largest losses by region.
Five largest operational risk losses in September 2026
1. EFG – $426 million
EFG pays around USD 426 million to settle claims it laundered bribes of Kuwaiti public official (ORX News subscribers log in to read the full summary)
2. Bitget – $351.6 million
Bitget loses USD 351.6 million in suspected North Korea-linked cyberattack (ORX News subscribers log in to read the full summary)
3. Corpay – $100 million
Corpay and CEO fined USD 100 million by FTC over hidden fees on fuel cards (ORX News subscribers log in to read the full summary)
4. Liquid Network – $47 million
Liquid Network loses USD 47 million in Bitcoin after cyberattack (ORX News subscribers log in to read the full summary)
5. Fideuram – $45 million
Intesa Sanpaolo subsidiary defrauded of EUR 39.5 million via AI deepfake scam (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.
FWD Life Insurance – $2.5 million
FWD Life Insurance fined HKD 19.5 million over AML/CTF failures (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
Corpay – $100 million
Corpay and CEO fined USD 100 million by FTC over hidden fees on fuel cards (ORX News subscribers log in to read the full summary)
Global
EFG – $426 million
EFG pays around USD 426 million to settle claims it laundered bribes of Kuwaiti public official (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
If you haven't subscribed yet, get in touch with us to learn more about the service.
