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Operational Risk summarizes the uncertainties and hazards a company faces when it attempts to do its day to day business activities within a given field or industry. 

A type of business risk it can result from breakdowns in internal procedures, people and systems as opposed to problems from external forces such as political or economical events.

Operational Risk can also be classified as a variety of unsystematic risk which is unique to a specific company or industry.

Operational risk can be summarized as a human risk : it is the risk of business operations failing due to human error. Industries with lower human interaction are likely to have lower operational risk.

The willing participation of employees in fraudulent activity may also been seen as operational risk.