Big data analytics is an effective solution for identifying behavioral patterns and establishing strategies to help detect and prevent fraud in various business sectors.
Most companies are not aware of the information they have and how to leverage, analyze and understand it, which can result in the loss of a large amount of potentially useful data by normalizing fraud and other criminal activities in their processes and make them difficult to prevent and detect.
As of March 29, 2021, Law 81 on Data Protection came into force in Panama, a legal framework that requires consumers to be asked for authorization for their information to be used.
According to the text that regulates these practices, "... those responsible for data processing may only transfer information about them when they have the prior, informed and unequivocal consent of the owner."
To include articles that regulate the creation of web pages and to incorporate aspects of protection of personal data are some of the recommendations that Fusades makes in El Salvador on the E-Commerce Law that is discussed in the Legislative Assembly.
The Salvadoran Foundation for Economic and Social Development (Fusades) prepared a document in which it addresses the draft Electronic Commerce Law that is discussed in the Legislative Assembly, and based on its analysis makes several warnings and recommendations.
The Treasury's power to access customer's personal data held by telecommunications operators has been confirmed.
The Agency for Data Protection of Inhabitants (Prodhab) rejected the appeal filed by Millicom against the Directorate of Revenue of Intelligence at the Treasury for requesting data from their customers, arguing that the Treasury is authorized to request subscriber's name, ID number, contracted service, exact address and phone number.