Trade Regulations

Security of Brazilian Foreign Trade systems questioned

Feb, 11, 2019 Posted by datamarnews

Week 201907

This Thursday, in São Paulo, Procomex, an NGO focused on promoting the improvement of foreign trade  activities in Brazil, will promote an event in which the Federal Revenue (Receita Federal) and SECEX officials will present aspects of the New Import Process system, based on the Single Import Declaration (DUIMP), available on the Single Foreign Trade Portal (Siscomex).

The online system’s objective is to reduce the average import process by 40%, from 17 to 10 days. This improvement would be equivalent to savings of US$8 billion per year. The new system is also designed to improve protection of government data. Considering cyber-threats currently at large in the business world, this is considered an important priority.

Unfortunately, what you see in the market today compromises this goal. A number of companies currently sell data obtained from government foreign trade systems; and worse, this data is being sold openly, with vendors hiding behind technical terms that seek to evade the true source of the data. Several businesses are buying this information, and running the risk of being eventually prosecuted as users of sensitive government data.

Other companies, subject to stronger compliance rules, have chosen not to use this information. However,as time passes and with a lack of effective action against this practice, the tendency is for them to believe that the data is not prohibited or sensitive, and they may also start using it. The foreign trade data market expects the Brazilian Government to truly protect information and take action on this issue.

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