Overview#

Operational Risk is defined as the risk of loss resulting from inadequate or failed processes, people, and systems or from external events.

These risks are further defined as follows:

• Process risk – breakdown in established processes, failure to follow processes or inadequate process mapping within business lines.
• People risk – management failure, organizational structure or other human failures, which may be exacerbated by poor training, inadequate controls, poor staffing resources, or other factors.
• Systems risk – disruption and outright system failures in both internal and outsourced operations.
• External event risk – natural disasters, terrorism, and vandalism.
• Regulatory Risk

More Information#

There might be more information for this subject on one of the following:

• Risk
• Threat Model