State Street Bank Sues UKG Kronos for $27.6 Million Over Breach State Street Bank has filed a $27.6 million lawsuit against human resources software provider UKG Kronos, alleging that Kronos failed to adequately address a 2021 data breach. This breach left State Street without access and exposed it to legal risks in multiple countries.

LAW360 - Law 360

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Published on Feb. 9th, 2026 Published on Feb. 9th, 2026

Scenario: Cyber / Customer Data Compromise (excluding card)

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Apr. 1st, 2026

Take a look at this recent Q&A on Risk.net featuring Nedim Baruh and Patrick Naim: "Industrialising the challenge process: AI in operational risk scenario analysis"

Structured scenarios have significantly enhanced the way scenario analysis is carried out, especially when it comes to challenging assumptions. Exchanges with validation teams are far more robust compared to earlier, less structured methods. Many thanks to Nedim Baruh and Zoi Fletcher for this insightful discussion, and to Risk.net for sharing it.