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 Foundation Receives Pledges of More Than $200,000 for Community Banks and Employees Affected by Hurricane Ian

Nov 3, 2022 | Press Release
The Independent Community Bankers of America (ICBA) Foundation today announced that the disaster relief program, activated in coordination with ICBA-affiliated Florida Bankers Association, has over $200,000 pledged to assist employees and families of Florida’s community banks affected by Hurricane Ian.

ICBA Foundation continues seeking Hurricane Ian donations

Oct 14, 2022 | NewsWatch Today
The new ICBA Foundation Disaster Relief Program has raised more than $25,000 in its first 48 hours to assist community bank employees affected by Hurricane Ian—but more donations are needed from community bankers nationwide to support industry colleagues in Florida.

As Hurricane Ian makes landfall, ICBA offers community bank resources

Sep 29, 2022 | NewsWatch Today
With Hurricane Ian making landfall in Florida as a Category 4 hurricane, ICBA offers updates on its Hurricane Preparedness resource center.