Singapore companies face much higher financial penalties for personal data breaches | Malay Mail

Monday, 05 Oct 2020 06:20 PM MYT

The amendments mean firms would pay up to 10 per cent of their annual Singapore turnover or up to S$1 million, whichever figure is higher. The current cap is S$1 million. It is not unusual for large companies to book annual revenue of billions of dollars.

Several large firms such as Singhealth, ride sharing firm Grab and gaming hardware firm Razer have also been involved in data breaches in recent years, affecting hundreds of thousands of users. In 2018, the Personal Data Protection Commission , which oversees the PDPA, said it was aiming to merge the Do Not Call Provisions of the PDPA and the Spam Control Act under a single Act governing unsolicited commercial messages.

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