Material risk in focus

Information Security (including Cyber)

A deep dive into Information Security (including Cyber) risk, based on information from the Top Risk Review H2 2026

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Material risk in focus - November 2026

Information Security (including Cyber) was again the top-ranked risk in the H2 2026 Top Risk Review.

Rapid technological shifts due to frontier AI are accelerating uncertainty in risk management

Information Security (including Cyber) continues to rank as the most significant risk concern for financial services. In fact, we have seen this risk pulling even further ahead of other risk types in the past 6 months, seeing its highest score in over 2 years.

About the ORX Top Risk Reviews

The Top Risk Reviews bring together industry views on current risk priorities in financial services. Drawing on input from risk professionals across the ORX community, these twice-yearly studies help firms understand how the risk landscape is evolving and benchmark their thinking against their peers. The Top Risk Reviews use the Level 1 risks from the Event Type Operational Risk Taxonomy.

Explore the Top Risk Review H2 2026