Cybersecurity and privacy were hot topics at eMerge Americas, the recent business and technology conference that connects the United States and Latin America. Regulations regarding data protection have been enacted all over the globe, including Europe, Latin America and the United States. Facebook is facing potential fines up to $1.6 billion and Google has already been fined at $57 million for violation of Europe’s General Data Protection Regulation (GDPR).
The GDPR, which went into effect on May 25, 2018, served as a landmark for many other recent laws, including the California Consumer Privacy Act (CCPA), effective Jan. 1, 2020, and the Brazilian General Data Protection Law (LGPD), effective August 2020. Every state in the United States, including Florida, already has legislation for protection of personal information, but none are as comprehensive as the GDPR. It’s critical to note that various states are on the way to revising their own laws with unprecedented fines. California’s incredibly stringent CCPA, for example, provides for a data breach private cause of action, which increases the likelihood of class actions.
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