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

$5B left in PPP funds for certain institutions

May 19, 2021 | NewsWatch Today Article
The Small Business Administration said there is approximately $5 billion remaining in Paycheck Protection Program funds set aside for certain community financial institutions.

FS-ISAC Coronavirus Update, May 19, 2021

May 19, 2021 | Coronavirus Update
Dr. Anthony Fauci said Tuesday that the nation is on track to begin vaccinating children under 12 before next year.

FS-ISAC Coronavirus Update, May 18, 2021

May 18, 2021 | Coronavirus Update
President Biden announced today that the US will share at least 20 million doses of vaccines produced by Pfizer-BioNTech, Moderna and Johnson & Johnson for a total of 80 million doses globally by the end of June.