Question1

A sound risk management procedure is guaranteed by an operational risk policy, which also aids in accomplishing organizational goals. Although the specifics of such a policy vary from organization to organization, it should include certain concepts at the very least. Briefly discuss five concepts that must be included in an operational risk management policy.
Question 2

Risk and control self-assessments are another operational risk management strategy for controlling operational risk exposures. Give a full explanation of this concept
Question 3

Following the COVID-19 outbreak, many organizations switched to working entirely online. Cybercrime naps risen as a result. Describe the many types of corporate cybercrime these originations have encountered and provide examples
Question 4

The frequency and severity of an organization's losses can be determined by looking at the lognormal distribution of lawmen's, which can abco help determine how to finance these risks Additionally, this might be a factor at determining the organization's risk