Brazil’s very first General Data Protection Law (LGPD) comes to force!
Brazil, one of the biggest IT markets in the South America, enforces its first ever General Data Protection Law (LGPD). Similarly to the EU General Data Protection Regulation (GDPR), it is heavily focused on data privacy and protection. The president approved the bill on LGPD on September 17, 2020, and it took effect the following day. The law is designed to protect data privacy of individuals in Brazil, so any company, which processes their data is obliged to comply with LGPD’s regulations, regardless of their location. Violations of the LGPD will be fined: the fine is set at 2% of the company’s Brazilian revenue generated a year prior to violations.