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, Feb. 4, 2021

Feb 4, 2021 | Coronavirus Update
At the current rate of 1.32 million shots a day, every adult in the US could be fully vaccinated in about a year, and assuming 75% of adults must be fully vaccinated to achieve herd immunity, the country could reach the threshold around Halloween.

FS-ISAC Coronavirus Update, Feb. 2, 2021

Feb 2, 2021 | Coronavirus Update
This latest update from FS-ISAC says the nonpartisan Congressional Budget Office on Monday issued an improved economic outlook and said the labor market will return to full strength quicker than expected thanks to the COVID-19 vaccine rollout.

Smaller lenders leading again on PPP

Feb 2, 2021 | NewsWatch Today Article
Insured depository institutions under $10 billion in assets have made more than half of 2021 first- and second-draw Paycheck Protection Program loans, according to SBA data.