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.

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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.
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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.
Herkunft: The Straits Times - 🏆 8. / 63 Weiterlesen »