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. 16, 2021

Feb 16, 2021 | Coronavirus Update
The rate of new US coronavirus cases continued to decline Monday and Tuesday, as the country’s rolling average of daily infections fell below 90,000 for the first time in more than 100 days.

FS-ISAC Coronavirus Update, Feb. 15, 2021

Feb 16, 2021 | Coronavirus Update
The seven-day average of new COVID-19 cases in the US has declined in 40 states and territories, remained the same in eight, and increased in three states, South Dakota, Nebraska and Alaska, according to COVID Tracking Project data

SBA issues new loan program guidance

Feb 16, 2021 | NewsWatch Today Article
The SBA on Friday night issued two notices on its lending programs. Further PPP information and resources are available on the SBA and Treasury sites and ICBA's PPP and EIP News page.