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. 12, 2021

Feb 12, 2021 | Coronavirus Update
The US Centers for Disease Control and Prevention said Friday that schools can safely open as long as a range of precautions are in place, offering a comprehensive and science-based road map for a return to classrooms.

FS-ISAC Coronavirus Update, Feb. 9, 2021

Feb 10, 2021 | Coronavirus Update
In this latest update from FS-ISAC, experts warn the U.S. could be in the calm before the storm ahead of another possible surge in Covid-19 cases fueled by variants, and urge local and state leaders not to ditch their safety measures and restrictions.

Fed extends rule allowing PPP loans to directors

Feb 10, 2021 | NewsWatch Today Article
The Federal Reserve Board again extended its rule allowing certain bank directors and shareholders to apply to their banks for Paycheck Protection Program loans for their small businesses.