Risk management is an extremely crucial aspect for any bank. Banks safeguard the deposits and savings of the general public, and risk management falls within a specific policy framework. It is essential for preserving the interests of depositors. Moreover, in times of crisis, the necessity for risk management becomes even more critical. In this regard, the responsibility of the bank management is paramount. The bank's board of directors will oversee this function. Banks are now facing new challenges in terms of risks. Previously, issues related to cyber-security did not receive the proper attention. Over time, in dealing with such risks, banks have become more attentive and proactive. They have risen to the challenge.