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CyberTech’s Risk Center Enabled their clients to Stand Tough even in Chennai Floods

Mumbai, 24th Dec, 2015.

A rainfall that seemed minor and harmless in the early hours of 9th November, 2015 later brought Chennai on its knees, hard-hit with the worst flood in the century. The devastation caused included, Loss of human lives, Property & infrastructural damage, Dysfunctional public transportation, prolonged power outages, broken communication lines, Non-functional financial centers.

Organizations operating in Chennai faced multi-level concerns during this time. Some of the primary challenges were safety of employees, security of key assets on ground, continuity of key business activities, business losses and more.
CyberTech’s Risk Center provided timely alerts & advisories for various incidents during this difficult time to its partners. It generated the meteorological advisory at 02.03 PM on 6th November even before the media sources. Risk Center further got the confirmation on the formation of depression and updated it on November 8th to its partners. It kept its relentless focus on the incident and generated 47 alerts till 7th December, 2015 which enabled partners to take timely business decisions.
Commenting on the incident, Alexander V Chacko, Principle – Business Continuity Management System, Infosys said “The advisories and alerts sent by CyberTech Risk Center was one of the key sources for getting constant updates about the incident which helped us in our business continuity actions”
Dharmendra Kava, Vice President, Business Continuity Planning, Yes Bank also commented “Based on the advisories and alerts generated by CyberTech for Chennai floods and employees feedback, Bank was able to take timely decision of closing branches that were severely impacted by floods and increasing strength at branches which were less impacted, reducing the impact on business and ensuring safety of staff”.
Vishal Bargat, Sr Vice President and Head-INDIA BU, CyberTech commented, ‘We are glad that our timely alerts for risk visibility solutions helped our clients including Infosys and Yes Bank for timely planning against incidents, thereby ensuring business continuity and safety of their employees & key assets during Chennai floods, we look forward to support our partners in future also”.
About CyberTech Risk Center:
CyberTech Risk Center a division of CyberTech Systems & Software Ltd, reports Pan India Incidences. It covers every significant global incident by collaborating with NC4, a world leader in providing risk management solutions. Its team of expert analysts uses a high-tech data mining engine to access huge amount of data from various sources. Data is later filtered, compiled and interpreted to provide ‘relevant only’ information to its partners with analysis of impact on their businesses. The partners thus get timely ‘decision support’ information to act and mitigate the probable risk with ample time in hand and ensure business continuity, employee and asset safety. For more details visit: http://www.cybertechriskcenter.com
For media queries, contact:
Sneha Ochani
Email: Sneha.ochani@cybertech.com
Ph: +91 22 25 83 4643 Ext: 9628