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How Does The LGPD Impact Companies?

Due to the growing technological development in the market, we can clearly see how much how consumers tend to buy products and services has changed. Through more practical technologies, such as cellphones, laptops, and tablets, for example, they are just a click away to connect with companies over the internet.

Realizing this new consumer behavior, brands uncovered the need to ensure a digital presence in order to conquer new audiences. As a result of this migration, there was a need to have digital marketing strategies to capture customers, and the collection of user information is among the most used strategies to generate conversions.

However, the LGPD was sanctioned in 2018 to make sure that this data collected by companies — whether an email, CPF, or telephone number — was stored and used securely and transparently.

Do you want to learn more about it? So, check out our post until the end and answer all your questions about the LGPD and how it can impact your business.

After All, What Is The LGPD?

Law 13.709/2018, popularly known as LGPD — an acronym for General Data Protection Law — ended up entering into force in 2018. Therefore, it was created so that the personal data users make available to companies become even more secure, that is, efficiently collected and stored.

In a practical way, it is known that this law offers users power over their data. In other words, it can define how companies can dispose of their sensitive data, and how it should be treated. Furthermore, these users can also simply deny sharing their information as they are not obligated to do so.

There is also a European law, popularly known as GDPR. It was from there that the LGPD based its main premises regarding the security of data and shared user information.

Following the LGPD’s practical line, users must be aware of how their personal information will be used and handled by the companies that collected it. Also, users can choose to remove their data from the database of such companies.

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How Does The LGPD Impact Companies?

Looking at the business side, these new processes guided by the Law will insist that businesses be extremely careful and meticulous about the terms of use of the respective data. Therefore, brands need to explain very well all forms of use in relation to the information provided by users. Not to mention that these businesses must also promote actions so that the user can manage their information.

For these activities to be carried out efficiently, and above all, following the guidelines imposed by the LGPD, each company must pay attention to the main rules it guides regarding the collected data.

What has happened a lot in the business world is that brands have hired professionals to deal specifically with these processes, making the internal sectors that need personal data of customers and leads can work even more securely, and within the law.

About Version 2
Version 2 is one of the most dynamic IT companies in Asia. The company develops and distributes IT products for Internet and IP-based networks, including communication systems, Internet software, security, network, and media products. Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Senhasegura 
Senhasegura strive to ensure the sovereignty of companies over actions and privileged information. To this end, we work against data theft through traceability of administrator actions on networks, servers, databases and a multitude of devices. In addition, we pursue compliance with auditing requirements and the most demanding standards, including PCI DSS, Sarbanes-Oxley, ISO 27001 and HIPAA.

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