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A data boom fueled by social networks will oblige Chilean lawmakers to fill a void in data privacy legislation, Ernst & Young (E&Y) Chile risk and management advising partner Andrés Acuña told BNamericas.
Chile's current IT security laws date from 1993, and a more modern IT security bill has been stalled in congress since 2002.
In an online debate leading up to Chile's 2009 presidential election, President Sebastián Piñera's IT spokesperson Alfredo Barriga agreed that the country needs regulations in terms of private data protection, but noted his support for a more general legislation.
Acuña said the only aspect of data security that gets any traction in the future will be around data privacy. The big question to be pondered by government and private sector officials will be how to control information that does not come from official sources, according to the executive.
"I don't see an interest today in improving computing legislation," he said. "But, I insist that we are going to have to do work in the area of privacy... and the release of information."
"Companies are going to start taking responsibility around privacy. It's like WikiLeaks. Could a company be exposed to this? Our survey says that there is little worry because it's viewed as a government issue. But, this [WikiLeaks] is a blatant robbery of information."
BNamericas reported late last year that the Chile and Peru division of US data warehousing provider Teradata (NYSE: TDC) was drumming up interest with its social media platform, which is dedicated to a concept dubbed the "socialization of data."
This idea involves integrating and analyzing data from a variety of sources - including social networks such as Facebook and Twitter - to present a more complete picture of an organization's position in a determined market.
"This is an up-and-coming trend," the division's head, Leonardo González, told BNamericas at that time. "Today, there are companies evaluating this... in the financial, telecommunications and retail segments."