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Loss Event

What is Loss Event?

An occurrence that results in actual financial loss, operational disruption, or other negative impact to an organization.

Risk Management

Frameworks that govern loss event

PCI DSS v4.0View framework →NIST Cybersecurity Framework 2.0View framework →ISO 27001:2022View framework →

What the standards actually require on loss event

Requirements naming loss event across 2 standards, quoted from the control text.

HKMA SPM1 control

HKMA SPM Operational Risk + Resilience + Recovery + Outsourcing modules. OR OPERATIONAL RISK MANAGEMENT: (1) OR-1 Operational Risk Management - sound operational risk governance + risk identification + assessment + mitigation + monitoring + reporting + RCSA +...

HKMA-SPM-OR-RR-SA-OperationalResilience · HKMA SPM Operational Risk (OR-1), Operational Resilience (OR-2), Recovery Planning (RR-1), Outsourcing (SA-2) →
Lloyd's of London Cyber Insurance Requirements and Underwriting Standards1 control

Lloyds Cyber Insurance Requirements - Conduct Risk, Cross-Class Reviews and Regulatory Notifications. Conduct Risk and Treating Customers Fairly (TCF): (a) FCA Principles for Businesses Principle 6 (TCF) + Principle 7 (Communications) + Principle 8 (Conflicts...

LLOYDS-CI-Conduct-Risk-Treating-Customers-Fairly-Silent-Cyber-Reviews-Regulatory-Notifications-Material · Lloyds Cyber Insurance Conduct + TCF + Silent Cyber + Regulatory Notifications →

Questions people ask about loss event

What is Loss Event?
An occurrence that results in actual financial loss, operational disruption, or other negative impact to an organization.
Why is Loss Event important for compliance?
Loss Event is a key concept in Risk Management. Understanding loss event helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Loss Event?
Loss Event appears in the requirement text of HKMA SPM, Lloyd's of London Cyber Insurance Requirements and Underwriting Standards. Across these standards we have identified 2 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Loss Event?
Explore our compliance framework pages to see how loss event applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Loss Event applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

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Written and maintained by Gerard Blokdyk, The Art of Service.