2020-01-11

Another reason why privatization isn't a good thing.

https://www.zdnet.com/article/brazils-state-owned-firm-dataprev-fires-hundreds-of-staff-ahead-of-privatization/

Brazil's state-owned firm Dataprev fires hundreds of staff ahead of privatization

The company responsible for the IT underpinning the social security system will close 20 offices across the country and hopes to cut operational spend by $22 million.

Here's why -

"Dataprev provides technology information services to the Brazilian social welfare system. It treats and stores data related to millions of citizens on benefits. The company itself voiced concerns around what will happen to the personal data belonging to millions of Brazilians that it handles after the sale, warning that shifting data to private servers "could compromise national sovereignty.""

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