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

IRS disburses another 25M EIPs

Apr 8, 2021 | NewsWatch Today Article
The IRS and Treasury Department said they are disbursing more than 25 million payments in the fourth batch of Economic Impact Payments under the American Rescue Plan.

FS-ISAC Coronavirus Update, April 8, 2021

Apr 8, 2021 | Coronavirus Update
The US is currently averaging 785 daily deaths over the last seven days - down 21% since last week, according to data compiled by Johns Hopkins University, and the country is reporting 64,766 average daily cases over the last week – which was down 3%.

FS-ISAC Coronavirus Update, April 7, 2021

Apr 7, 2021 | Coronavirus Update
Following a dip in daily case numbers due to Easter Sunday, when many states did not report coronavirus data, a Johns Hopkins University tracker shows the US recorded about 79,000 new Covid-19 cases on Monday, with the seven-day average currently at 64,600.