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 14, 2021

Apr 14, 2021 | Coronavirus Update
More than two dozen states reacted quickly to Tuesday’s announcement by the Food and Drug Administration and the Centers for Disease Control and Prevention regarding the Johnson & Johnson vaccine, pausing injections while officials review the reports of blood clots.

FS-ISAC Coronavirus Update, April 13, 2021

Apr 13, 2021 | Coronavirus Update
The US reported an 8% rise in new cases to 490,000 last week, the fourth week in a row that infections have increased, according to a Reuters analysis of state and county data released Monday.

ICBA urges improvements to EIP delivery

Apr 9, 2021 | NewsWatch Today
ICBA and other groups recommended improvements to how the IRS issues Economic Impact Payments.