Compliance Challenges and Best Practices for Businesses Under Argentina’s Law No. 27, 699

Summary:

The recently enacted Law No. 27,699 in Argentina requires businesses to adapt to a more stringent data protection regime, introducing challenges in compliance. Key areas of focus include data protection impact assessments, appointment of a data protection officer, data breach notification, record-keeping, and third-party vendor assessments. To navigate these complexities, best practices include streamlining data governance, employee training, and regular audits, while also seeking legal consultation to minimize the risk of non-compliance. Failure to comply can result in severe penalties, highlighting the importance of a proactive approach to ensure data protection and maintain customer trust.