HIPAA News

Modulo launches Risk Management pandemic solution

New Facts:

• Influenza A has already impacted the worldwide economy - in United States alone there are over 100 confirmed cases in more than 10 states. Because of the potential pandemic impact the US population has become increasingly worried about the health situation in the country. Organizations need therefore to react quickly in terms of developing business continuity plans to warn and protect their workers of the potential health implications.

• Modulo, leading provider of IT Governance, Risk and Compliance solutions, has adapted its award winning software Modulo Risk Manager™ to help private and public institutions deal with the current pandemic scenario.

• Modulo Risk Manager™ automates the process required for minimizing the risks of contamination through providing checklists, graphs, and maps in order to prevent and protect a business and its customers from potential damages and resulting losses. Risk Manager therefore helps protect organizations from the impact of possible epidemic scenarios and provide business continuity solutions.

Background:

• Modulo Risk Manager™ was first applied in a pandemic scenario when it was implemented by Banco Real, one of the biggest Brazilian banks (part of Santander Group), during the Avian Flu scenario in 2006. The software was adopted as a tool for internal risk management and a solution was developed to support the necessary decisions in the event of wholesale contamination.
You can find more information about this case at http://www.modulo.com/pdf/cases/risk-manager-abm-real.pdf.

Supporting Quotes:

• “In Mexico, the Federal Government’s recommendation for the population not to leave their homes will have a direct impact on the majority of organizations and consequently, it will also have a negative impact on the economy. The lack of preparation for such a situation could be disastrous for many of these organizations”, states Alvaro Lima, Modulo’s co-founder.

• “In the case of the contamination threat of influenza A, organizations which adopt a preventative strategy together with good business practices, can return to their core activities much more quickly after a crisis situation. Unfortunately many organizations can’t return quickly and effectively to their activities after such a global crisis”, says Alvaro Lima.

• “From the moment organizations have effectively designed a contingency plan, they are in a position not only to support their employees during a period that threatens their personal health but they are also able to provide ways to identify key risks. This can be enabled through a reliance on clear information, clear procedures (such as meeting isolation requirements), transport procedures and the correct health center processes. – all of these measures will prevent panic that inevitably results in a decrease in productivity. These preparations are also essential to avoid generalized hysteria”, states Modulo’s co-founder Alvaro Lima.

Press Contact: Stephanie de Mattos stephanie@theinformationcompany.net
Paula Cohn paula@theinformationcompany.net

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