LGPD for Small and Medium-sized Enterprises: Your SME also needs to comply with the law

With the entry into force of the LGPD in 2020, which regulates the processing of personal data, many companies may have been taken by surprise.

It is important to remember that the LGPD applies to all companies that collect, process, store and share personal data in Brazil, regardless of their size or revenue. In other words, small and medium-sized enterprises (SMEs) are also required to comply with the regulation. Although the law offers some flexibility for SMEs, it is important that they comply with its provisions to avoid sanctions.

Significant impacts of LGPD for SMEs

SMEs are responsible for a large telegram data of the revenue of all Brazilian companies. They are important for job creation, economic growth, reduction of social inequalities and innovation in the country. In other words, they are very important in the country’s economic scenario.
As a result, the LGPD represents a series of impacts for SMEs, such as:

1. Improved reputation: Companies that comply with the LGPD are seen as more trustworthy by customers and partners. This can lead to increased sales and customer loyalty.
2. Improved efficiency: LGPD can help SMEs improve the efficiency of their personal data collection, processing and storage processes. This leads to reduced costs and increased productivity.
3. Preparing for the future: LGPD is a global trend that is being adopted by countries around the world. SMEs that comply with the law now will be prepared to deal with the changes that are coming.
4. Higher market value: LGPD-compliant companies may have a higher market value as they are considered less risky by investors and potential buyers.

Why SMEs should care about LGPD

As mentioned previously, even with the LGPD’s flexibilities, SMEs need to comply with the law. They also process personal data in their how i lost my mercedes because of one lousy salesman operations, which places them directly under the jurisdiction of the LGPD.

Therefore, there are numerous reasons why small and medium-sized companies should be concerned about legislation:

1. Significant fines
2. Damage to reputation
3. Customer protection
4. Business opportunities

Basic measures for small and medium-sized companies to comply with the LGPD

Although the LGPD is a complex cmo email list of legislation, there are some measures that can be taken to ensure compliance with the law. Some of them are:

1. Ensure that the processing of personal data is in line with one of the ten legal bases of the LGPD;
2. Respect the principles of the LGPD;
3. Inform the data subject clearly of the purpose for processing the data;
4. Establish a channel to receive requests from the holder, such as a specific email;
5. Respond to the holder’s requests and complaints in a clear and objective manner.