đšđ Worldcoin in bad shape in Colombia: an explosive investigation into data protection!
Colombiaâs Superintendencia de Industria y Comercio (SIC) has launched formal proceedings against the Worldcoin Foundation and Tools for Humanity for alleged violations of local data protection regulations. Shocking announcement on August 21: the charges were filed on August 16, and the situation could become a real cataclysm for these innovative companies.
đž High-tension investigation
The SIC investigation is looking into the compliance of these organizationsâ practices with Colombian laws governing the collection and processing of sensitive data. The objective is to verify whether Worldcoin Foundation and Tools for Humanity obtained clear and informed consent from individuals for the collection of their data and whether they have adequate data processing and security policies in place.
The authorities will also examine whether sufficient mechanisms have been provided to address complaints and consultations with affected individuals. If conclusive evidence is provided, the SIC could impose severe sanctions: fines of up to 2,000 times the monthly minimum wage, suspension of activities for up to six months, or even temporary or permanent cessation of operations.
SIC reiterates its commitment to protecting the fundamental rights of citizens and urges the public to be vigilant about the security of their personal information. The decision on the charges is currently under review and is not subject to appeal.
The incident underscores the growing scrutiny of tech companiesâ practices, especially as they become more global. Worldcoin, with its ambitions to create a global digital identity system based on biometric data, has found itself under fire from regulatory scrutiny, raising pressing questions about the robustness of its data protection measures.
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