Editor's letter: Does AI fuel fraud? New data shows op risk incidents soar
By Farah KhaliqueAugust 16, 2023

Welcome back to the Banking Risk & Regulation newsletter.
Data from the world’s largest operational risk association show a record number of operational risk “incidents” since 2017, up more than a quarter year-on-year at 76,620 events in 2022.
Former Wall Street Journal correspondent Giada Zampano mines the ORX’s Annual Banking Loss report ...
Already a subscriber? Log In
Read Next:

August 15, 2023
Operational risk ‘incidents’ surge 26% because of AI and low-risk fraud
Generative AI has contributed to the highest number of operational risk “incidents” since 2017, according to ORX. Data from the world’s largest operational risk association found that more sophisticated technology...
Read more