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. 23, 2021

Feb 24, 2021 | Coronavirus Update
A new report out Tuesday warns that a more transmissible variant of coronavirus threatens to start a renewed surge of infections in March, and suggests the US speed up vaccination by skipping second doses for now.

PPP reforms target smallest businesses

Feb 23, 2021 | NewsWatch Today Article
The Biden administration announced several Paycheck Protection Program reforms to target the program to the smallest businesses.

ICBA urges funding for rural development programs

Feb 23, 2021 | NewsWatch Today Article
ICBA and other groups called on House appropriators to ensure adequate funding for key USDA rural development programs in the next COVID bill.