Top 10 op risks 2018: theft and fraud

Cyber theft fears widespread, but old-fashioned frauds dominate losses

Dealing with theft and fraud is part and parcel of a risk manager’s job. But with attempted breaches from both now concentrated in the digital realm, banks are significantly less worried about physical robberies than they are about cyber bandits.

Whether realised losses from cyber fraud still trump the old-fashioned variety on an industry-wide basis is another matter, however. Many of last year’s largest op risk losses from fraud were more conventional. The Agricultural Bank of China, for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: