BOSTON, October 3, 2017 – MEGA International is introducing HOPEX GDPR, a practical toolbox developed in partnership with Gruppo Imperiali, to help companies meet the European General Data Protection Regulation (GDPR) requirements quickly and efficiently.
MEGA and Gruppo Imperiali created the solution to help companies demonstrate that their compliance systems satisfy the GDPR’s new approach to processing personal data. HOPEX GDPR will simplify how companies can meet the requirements and guide them toward GDPR compliance.
MEGA is the first enterprise architecture (EA) vendor to build a GDPR solution with specific features for key GDPR user roles such as the data protection officer. It is also the first to incorporate content and templates from recognized data privacy legal experts, and permit customers to ask questions of those experts in real time.
Gruppo Imperiali provides expert legal and technical consulting services to multi-national companies around the globe. The firm has specialized in data protection for more than 30 years.
The collaboration has produced a unique solution to help businesses reach GDPR compliance. It provides Gruppo Imperiali’s specialized GDPR legal and regulatory content and allows MEGA customers to get tailored advice from the Group’s legal experts.
HOPEX GDPR will provide the capability to:
- assemble detailed knowledge of people, processes and technology across the entire company … a GDPR must
- access the most up-to-date legal information about GDPR
- create a ‘single source of truth’ in a centralized repository and a collaborative workspace easily accessed by the entire GDPR team
- marshal information from data and business process modeling, gap analysis, and risk assessments into GDPR compliance reports that become ongoing priority action plans
The GDPR, effective in May 2018, requires organizations to comply with strict standards on protecting the personal information of European residents. All companies with this information are subject to the regulation. Those that fail to comply could face fines up to €20 million or four percent of annual sales.
PwC’s 2017 GDPR Preparedness Pulse Survey showed that 68% of 200 CXOs canvassed expect to invest $1-10 million in GDPR compliance.
According to a recent Forrester report, GDPR “creates new rights for consumers and new obligations for companies.” Report author, Forrester Principal Analyst Henry Peyret writes, “These additional complexities mean [organizations] must enable a state-of-the-art privacy management practice.”
The MEGA solution is GDPR-specific and draws on the advanced mapping and documentation capabilities of the HOPEX platform, providing a collaborative workspace for data protection officers and
other compliance leaders across the organization. From HOPEX GDPR, they can centrally manage various aspects of GDPR compliance, including data inventory, business process analysis, risk assessment and compliance reporting.
“We want to provide the capability to satisfy the new regulations, as well as remove obstacles to business agility and manage increased risks that may occur with these compliance requirements,” explained Lucio de Risi, CEO, MEGA. “The legal content in our solution will help raise awareness throughout companies about the importance of GDPR compliance and the templates will speed the implementation of remediation plans.”