Data protection panel proposes mandatory notice of breaches
This would let those affected to act to protect themselves, like changing passwords or cancelling credit cards
Singapore
THE Personal Data Protection Commission (PDPC) has proposed a framework which would ensure that, in the event of a personal data breach where there was a risk of impact or harm, companies would have to inform the affected individuals as soon as possible.
Under the proposed mandatory data breach notification (DBN), in case of breach incidents that involve 500 or more individuals, the affected organisations would have to notify the PDPC within 72 hours of the incident, in addition to all the cases where there is risk of harm to affected individuals.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons