Weekly OpRisk Updates: Cyber risk, APP fraud, Ransomware, AI bias, crypto threat (20th January 2025)

Stay ahead of the curve with our weekly operational risk news update! In this brief podcast, we cover the latest developments that could influence your organisation’s risk management strategies:

– Key operational loss events reported last week.
– Global cyber-attacks surge 44%, driven by Generative AI.
– Financial firms face rising geopolitical, cyber, and climate risks.
– New APP Fraud Scheme mandates victim reimbursements in payments.
– U.K. considers ransomware payment ban for critical industries.
– SEC emphasises transparent AI disclosures in financial services.
– U.S. states enact AI laws to address algorithmic bias.
– DOJ mandates stricter controls on sensitive data transfers.
– Transaction simulation spoofing targets assets in Web3 wallets.

All the insights mentioned in this podcast are derived from news articles and detailed analysis captured within the RiskSpotlight Portal—the world’s first forward-looking operational risk content service. Don’t miss out on any critical updates!

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