This week: Brazil joins the Budapest Convention on cybercrime after last week’s government hacks. Will Open Finance ever take off in Brazil? A study of black startups shows diversity is still missing in Brazil’s innovation environment.
About a week after multiple hacks of the Health Ministry and over 20 other government agencies caused havoc in Brasília, senators approved Brazil’s ratification of the Budapest Convention — the first and most-used international agreement to deal with cybercrimes.
Why it matters. The 20-year-old Budapest Convention facilitates international cooperation in fighting cybercrime. The treaty has 66 signatories and is used by a total of 158 countries as the standard guidelines for national cybercrime legislation.
Red flags. The recent hacks were not the first of their kind against the Brazilian government, which only shows how unprepared Brazil is to deal with cybercrime, despite having powerful data protection legislation.
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