Companies to face stiffer penalties for data breaches under changes to PDPA

SINGAPORE — Companies will be penalised more heavily for data breaches as part of proposed changes to the Personal Data Protection Act , said Minister for Communications and Information S Iswaran on Monday .

One major change to the Bill is the stiffer penalty for a company in the event of a data breach – the fine it faces would be 10 per cent of its annual turnover in Singapore or $1 million, whichever is higher. The cyberattack on SingHealth’s database in 2018 resulted in the theft of personal particulars of almost 1.5 million unique patients – including that of Prime Minister Lee Hsien Loong. The data comprised the patients’ demographic records and the dispensed medication records of about 159,000 of them.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Parliament: Heavier fines for data breaches, more support for legitimate business uses of data under amended PDPAIn the event of a data breach, a company can be fined up to 10 per cent of its annual turnover or $1 million, whichever is higher.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Parliament: Heavier fines for data breaches, more support for legitimate business uses of data under amended PDPAIn the event of a data breach, a company can be fined up to 10 per cent of its annual turnover or $1 million, whichever is higher.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »