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

FS-ISAC Coronavirus Update, May 12, 2021

May 12, 2021 | Coronavirus Update
The rate of new Covid cases in the US fell to an average of 38,800 per day Monday, according to data compiled by Johns Hopkins University, the first time daily case counts have been below 40,000 since September.

FS-ISAC Coronavirus Update, May 7, 2021

May 7, 2021 | Coronavirus Update
Americans have entered a new, hopeful phase of the pandemic as the outlook has improved across the nation, with cases and hospitalizations at their lowest points in nearly seven months, and deaths from Covid-19 have not been this low since July.

IRS issues another 1.1M EIPs

May 6, 2021 | NewsWatch Today Article
The IRS said it is disbursing another 1.1 million Economic Impact Payments in the eighth batch under the American Rescue Plan.