SUBSCRIBERS
Stiffer penalties mooted for Singapore's data-protection law
Published Thu, May 14, 2020 · 09:50 PM
Singapore
ORGANISATIONS found guilty of a data breach may soon be slapped with stricter financial penalties of up to 10 per cent of their annual gross turnover or S$1 million - whichever is higher - if proposed amendments to Singapore's Personal Data Protection Act go through.
For now, companies are liable for penalties of only up to S$1 million.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.