The impacts of the General Personal Data Protection Law on business

[ishanijerin1]

The General Data Protection Law (LGPD) is a law recently enacted by the government that must be followed by all companies in the digital sphere by August 2020. Therefore, adapting to the new requirements of the legislation is essential for companies to avoid legal complications and fines.

Learn more about the law in this post, how audit directors auditors email database it can impact your company and how you can learn more about the subject!

The LGPD
The law requires companies to ensure greater reliability and intelligence in information banks when it comes to storing, processing and sharing data.

To do this, it is necessary to indicate how each item collected will be used and the customers' consent is also required for the retention of certain personal data.

According to the new legislation, data “on racial or ethnic origin, religious beliefs, political opinions, membership of a trade union or organization of a religious, philosophical or political nature, data relating to health or sexual life, genetic or biometric data” are considered sensitive, and therefore deserve due care from companies.

The LGPD guarantees society a series of advantages, such as the right to privacy, protection of personal data and strengthening of legal security, increasing people's confidence in the ways in which their data can be used and expanding consumer rights.

Importance of law
The importance of having a law like the General Data Protection Law is established through a number of factors.

One of them is the unification of rules on the use of personal data, regardless of the economic sector.

Furthermore, the law also:

enables Brazil to protect data from other countries in the appropriate and necessary manner;
promotes the information technology sectors;
improves data portability;
increases market competitiveness.
Impacts on the company
With the new requirements of the law, changes need to be made within organizations to comply with the imposed rules. Therefore, adjustments are needed in the internal culture, so that the importance of protection regarding data intelligence is disseminated among all employees.

Recurring audits and assessments focusing on this topic must also be constant to validate whether the procedures comply with the legislation.

In addition, companies will increasingly need to monitor the flow of data within the organization. One alternative is to integrate IT platforms and analysis tools.

Aware of the relevance of the topic and the demand for the training of qualified professionals, MMurad/FGV launched a short course in Data Protection in Vitória . In the course, it is possible to learn more definitions, principles and foundations of the LGPD, how to process personal data, how to create general implementation procedures and specific procedures, stakeholder responsibilities, among other topics.