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Parliament: Heavier fines for data breaches, more support for legitimate business uses of data under amended PDPA

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In 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.

SINGAPORE - Companies will be penalised more heavily for data breaches while also getting more freedom to use personal data to innovate under changes to Singapore's data protection laws passed in Parliament on Monday .

Mr Iswaran addressed concerns raised about the higher fines during public consultations prior to the passing of the Bill, as well as by Mr Desmond Choo on Monday. The Bill also allows organisations to collect, use or disclose personal data without the consent of individuals in circumstances classified as"legitimate interests", so long as these organisations conduct an assessment to eliminate or reduce the risks involved, and ensure the overall benefits outweigh any adverse effects.

 

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