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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Operational Risk News

FS-ISAC Coronavirus Update, April 30, 2021

Apr 30, 2021 | Coronavirus Update
Hackers have targeted companies that distribute the COVID-19 vaccine to a degree previously unreported, according to research from IBM Security, and starting last year.

FS-ISAC Coronavirus Update, April 28, 2021

Apr 28, 2021 | Coronavirus Update
After a worrisome uptick in Covid-19 cases in the US in recent weeks, there are encouraging signs that the situation is beginning to stabilize, according to the Centers for Disease Control and Prevention.

SBA reopens shuttered venue grant program

Apr 26, 2021 | NewsWatch Today
The SBA reopened the Shuttered Venue Operators Grant application portal after technology issues scuttled its April 8 launch.