Brazil's National Monetary Council Issues New Rules On Cybersecurity Policies And Data Processing And Storage Requirements

Author:Mr Daniel McLoon, Mauricio F. Paez, Richard J. Johnson, Jonathon Little, Todd S. McClelland, Jeff Rabkin, Lisa M. Ropple, Adam Salter, Michiru Takahashi, Undine von Diemar, Olivier Haas, Jörg Hladjk and Anand Varadarajan
Profession:Jones Day

On April 26, 2018, Brazil's National Monetary Council issued Resolution 4,658, creating new rules on cybersecurity policies and requirements for data processing and storage (source document in Portuguese). Per the Resolution, institutions authorized to operate by the Central Bank of Brazil must implement a cybersecurity policy in order to ensure confidentiality of data systems. In addition, the Resolution requires that institutions notify the Central...

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