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Operational Risk - Banking Exchange
Banks had been setting aside more cash to soften the impact of expected losses since the start of the pandemic
COVID-19 has already proved its substantial impact on online-based fraud
Midland States to spend up to $15 million on closures and renovations to existing branches, but expects long-term savings
What have we ignored in the economy, culture and technology because addressing developments would be difficult or uncomfortable?
KBRA warns that stable delinquency rates could rise in the months ahead as banks have focused on short-term relief
The impact of the COVID-19 pandemic has heavily impacted the two banks’ plans to combine operations
Financial institutions are now quickly shifting priorities to ensure they are equipped to conduct business in a changing environment while also dealing with the effects of a health crisis
Fraudsters have significantly expanded phishing campaigns to include COVID-19 messaging
Officials have dumped an enormous amount of money into the economy in a matter of weeks. That means the environment is ripe for fraud.
Half of IT professionals surveyed said their companies did not have enough staff or budget to adequately support cybersecurity efforts
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