Additionally, their expressed feelings of preparedness for handling data privacy risk declined steadily over the past three years studied. Escalating data protection enforcement in Latin AmericaIn unison with global momentum for data protection enforcement, regulation in Latin America is also ramping up. Several other countries in the region are following suit, instituting regulations that in many ways emulate the European Union’s General Data Protection Regulation (GDPR), largely considered the gold standard of data protection legislation. In 2023, the Argentinian data protection authority (AAIP) submitted proposed updates to their data protection bill, aimed at balancing ongoing innovation with the continued protection of personal data. An ounce of preventionThe prominence and rigour of data protection and data privacy regulation emerging globally and in Latin America have created an environment in which data privacy practices, cybersecurity and compliance are inextricably linked.

Source: Forbes June 10, 2024 18:18 UTC