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, May 6, 2021

May 6, 2021 | Coronavirus Update
The Small Business Administration said Wednesday that the Paycheck Protection Program has been exhausted, and as of Sunday, the PPP had given out nearly 10.8 million loans worth more than $780 billion since April of last year.

PPP general fund exhausted

May 5, 2021 | NewsWatch Today Article
The Paycheck Protection Program’s general fund was reportedly exhausted Tuesday ahead of the program’s May 31 authorization, though some PPP funds remain for certain loans and lenders.

FS-ISAC Coronavirus Update, May 5, 2021

May 5, 2021 | Coronavirus Update
So far, about 145 million adults - about 56% of the adult population in the US - have received at least one dose of Covid-19 vaccine, according to the latest data from the US Centers for Disease Control and Prevention.