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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Alert

Operational Risk News

FS-ISAC Coronavirus Update, May 19, 2021

May 19, 2021 | Coronavirus Update
Dr. Anthony Fauci said Tuesday that the nation is on track to begin vaccinating children under 12 before next year.

FS-ISAC Coronavirus Update, May 18, 2021

May 18, 2021 | Coronavirus Update
President Biden announced today that the US will share at least 20 million doses of vaccines produced by Pfizer-BioNTech, Moderna and Johnson & Johnson for a total of 80 million doses globally by the end of June.

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.