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

Chamber of Commerce webinar on cyber culture

Jun 17, 2021 | Sector Calls
The U.S. Chamber of Commerce scheduled an upcoming webinar on using Cybersecurity and Infrastructure Security Agency principles to build an organizational culture of cyber readiness.

FS-ISAC Coronavirus Update, June 11, 2021

Jun 11, 2021 | Coronavirus Update
As the G7 summit kicks off, the US has pledged 500 million doses of vaccine to be given to lower-income countries to help combat the coronavirus pandemic.

IRS issues another 2.3M EIPs

Jun 10, 2021 | NewsWatch Today Article
The IRS said it disbursed more than 2.3 million additional Economic Impact Payments over the past two weeks. The latest batch includes those with official payment dates through June 9.