Company helps customers meet new privacy regs with key role-based content and access to data privacy legal experts
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."
About MEGA
MEGA International is a global software firm helping companies manage enterprise complexity by giving them an interactive view of their operations. Executives gain the visibility and information they need to make the right choices for effective governance and to strike the right balance between capacity for innovation, cost optimization and risk management. Backed by HOPEX software and MEGA consulting services, companies can boost business and IT agility in today's disruptive business environment. www.mega.com
About Gruppo Imperiali
Gruppo Imperiali provides expert legal and technical consulting services to multi-national companies around the globe. Imperiali, certified ISO 9001: 2008, helps companies set up control measures aimed at guaranteeing greater effectiveness and efficiency in the management of individual processes. With more than 30 years of experience in data protection projects, Gruppo Imperiali specializes in guiding businesses towards the implementation of organizational models to achieve regulatory compliance and competitive advantage. www.imperiali.com
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