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Data Protection: Challenges and Impacts of LGPD Compliance in Brazil

Data protection in Brazil is of utmost importance, ensuring the privacy and security of citizens' personal information. The General Data Protection Law (GDPL), in effect since September 2020, establishes crucial guidelines for companies and government agencies, promoting transparency and accountability in data handling

Data protection safeguards individuals' privacy, ensuring that your personal information is not improperly accessed, used or shared. In addition to promoting trust in the digital age, essential for the development of online services, e-commerce and interactions on the internet

Moreover, data protection can prevent the misuse of information for fraudulent practices, discrimination and manipulation. When establishing regulations and guidelines, an environment that is more ethical and transparent is created, benefiting both users and organizations

Respecting the provisions of the LGPD not only protects individual rights, but also strengthens Brazil's position in the global scenario, aligning with international data protection standards

Despite all the benefits listed in the previous paragraphs, we have seen that many companies and public agencies are not in compliance with the LGPD,potentially leading to various consequences, such financial sanctions, damage repair, interruption of activities, loss of reputation and market trust, legal actions, and investigations and audits

Reputation can be severely affected when companies or public agencies do not comply with the provisions of the LGPD. This lack of compliance can generate distrust from customers and business partners, harming the image of private or public organizations

Furthermore, there may be repercussions on social media, once these networks provide a quick channel for sharing negative experiences. If customers know or suspect that the company is not in compliance with the LGPD, they can share their concerns, generating bad publicity that spreads quickly

Trust is fundamental in business relationships, and the loss of this trust can have lasting impacts on the success and longevity of organizations

Patricia Punder
Patricia Punderhttps://www.punder.adv.br/
Patricia Punder, lawyer and compliance officer with international experience. Compliance professor in the USFSCAR and LEC post-MBA program – Legal Ethics and Compliance. One of the authors of the "Compliance Manual", launched by LEC in 2019 and Compliance – besides the 2020 Manual. With solid experience in Brazil and Latin America, Patricia has expertise in the implementation of Governance and Compliance Programs, LGPD, ESG, trainings; strategic analysis of risk assessment and management, management in handling corporate reputation crises and investigations involving the DOJ (Department of Justice), SEC (Securities and Exchange Commission), WATER, CADE and TCU (Brazil). www.punder.adv.br
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