Operational Risk

Operational Risk includes risks such as cyber, data and physical security, natural disasters, pandemics or other internal and external forces.

Operational Risk includes risks such as cyber, data and physical security, natural disasters, pandemics or other internal and external forces that should be addressed in a community bank's disaster recovery, business continuity, incident response, or pandemic plans.

In some cases, Operational Risk can also result from inadequate or failed procedures, systems, or polices due to employee error, system failure, fraud or criminal activity.

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Pandemic News

CISA - Pulse Connect Secure Sector Call

Apr 21, 2021 | Sector Calls
CISA invites you to participate on a call Thursday, April 22, 2021, at 4 pm Eastern addressing yesterday’s release of Emergency Directive 21-03: Mitigate Pulse Secure Product Vulnerabilities and Activity Alert AA21-110A.

Lawmakers seek SBA feedback on PPP backlog

Apr 20, 2021 | NewsWatch Today Article
A group of House Republicans asked the SBA for information on its backlog of Paycheck Protection Program loan-forgiveness applications.

ICBA: Climate risk study should preserve housing stability

Apr 20, 2021 | NewsWatch Today Article
Fannie Mae, Freddie Mac, and the Federal Home Loan Banks should take steps to better understand and mitigate climate-related risks in their portfolios without disrupting the housing finance system, ICBA told the Federal Housing Finance Agency.