OPERATIONAL RISK

Pandemic Response

A pandemic response plan is critical piece of any business continuity plan. The COVID-19 Pandemic serves as an extreme example of why pandemic plans are a necessity, but each year new diseases have the potential to disrupt our communities.

A disease outbreak becomes a pandemic in the event a disease spreads across several countries and affects a large number of people. Recent pandemics include the 2019-2020 COVID-19 Pandemic, the 2009 H1N1 Pandemic and the 1958 H3N2 Pandemic. Pandemics impact entire communities and stress entire economies.

A community bank’s preparedness and resilience during a pandemic may mean the difference between small businesses surviving a pandemic or not. Managing your staff and your operations efficiently through a pandemic is vital to the strength and stability of main street.


Sector Calls

Pandemic News

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%.

SBA warns of PPP funding crunch

Apr 7, 2021 | NewsWatch Today
The SBA is warning Congress that the recently extended Paycheck Protection Program is starting to run low on funds with nearly two months left for borrowers to apply.

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.