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

ICBA updates data privacy guide

Jun 3, 2021 | NewsWatch Today
ICBA recently released an updated guide for community banks on data privacy laws and regulations. The guide walks community bankers through some of the more prominent state, federal, and international data privacy laws.

PPP funding exhausted as loan application deadline passes

Jun 1, 2021 | NewsWatch Today
The Paycheck Protection Program closed to new loan applications more than a year and several iterations after the emergency program was enacted.

FS-ISAC Coronavirus Update, June 2, 2021

Jun 1, 2021 | Coronavirus Update
With about 34,500 new cases reported last week, the US saw the lowest number of weekly Covid-19 cases among children since early October, the American Academy of Pediatrics said Tuesday.