Bank of America, EY Settle MOVEit Breach Claims for $2.5M Bank of America and EY have agreed to pay $2.5 million to settle claims related to the May 2023 MOVEit file transfer application breach. Nearly 200,000 individuals were affected, leading to multidistrict litigation.

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Published on Apr. 23th, 2026 Published on Apr. 23th, 2026

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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.