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ORX Membership & ORX Cyber


ORX Cyber & Data Science Communities

Risk programme

Management, Practice & Framework

Report - April 2024

This report presents the results of a survey conducted in February 2024 by the ORX Cyber Community and the ORX Data Science Community. It includes key points discussed in both communities, as well as additional resources from ORX pertaining to artificial intelligence (AI).

The ORX Cyber Community brings together all elements of the ORX Cyber service for our subscribers and is how our subscribers get involved in ORX Cyber activities.

The ORX Data Science Community is open to all ORX members who are interested in the topic of data science and its application in operational and non-financial risk.

The survey involved 36 participants representing 26 banking and insurers, allowing us to compare views across organisations and roles.

The study focuses on:

Key risk and concerns associated with generative artificial intelligence (GenAI)*
Risk management considerations, including on risk oversight and governance
The current use of some mainstream GenAI tools within the surveyed firms














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This resource was produced in collaboration with ORX Membership and the ORX Cyber service

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About ORX Cyber

ORX Cyber is an innovative operational risk management service created especially to support cyber and information security risk professionals in the second line of defence. This service offers a robust combination of cyber event data exchange, collaboration, and research, empowering second line practitioners with the insights and information they need to efficiently manage and measure this critical risk.

Unlock the full potential of ORX Cyber:

  • Data and insights on cyber and information security risk that you can’t get anywhere else
  • Collaborate and compare your practice with the industry and address shared challenges
  • Access to a trusted source of cyber and information security risk event data and industry-leading research

Discover ORX Cyber

About ORX Data Science Community

The ORX Data Science Community is open to all ORX members who are interested in the topic of data science and its application in operational and non-financial risk.

The Data Science Working Group is part of the ORX Data Science Community. The working group is limited to representatives from member organisations who are actively working on relevant data science projects. The working group meets regularly to discuss data science use cases for non-financial risk purposes.

Find out more about the ORX Data Science Community


Disclaimer: ORX has prepared this resource with care and attention. ORX does not accept responsibility for any errors or omissions. ORX does not warrant the accuracy of the advice, statement or recommendations in this resource. ORX shall not be liable for any loss, expense, damage or claim arising from this resource. The content of this resource does not itself constitute a contractual agreement, and ORX accepts no obligation associated with this resource except as expressly agreed in writing. ©ORX 2024


Nikki Truss-West

Nikki Truss-West

Research Senior Manager - Cyber, ORX

Annika Westphal

Annika Westphal

Risk Intelligence and Data Senior Manager, ORX

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