Why should organisations understand the importance of most valuable commodity on the planet, surpassing oil. It will come as little surprise then, that breaching data, has become an extremely lucrative global criminal industry in and of itself over the years.
As part of its continued efforts to protect both individuals and corporations from data theft, the Ministry of Communications and Information and the Personal Data Protection Commission of Singapore have launched an online consultation of the Personal Data Protection (Amendment) (PDPA) Bill 2020.
At the risk of sounding alarmist, the PDPA could have drastic consequences for organisations found to be non-compliant or negligent in their data security duties, resulting in financial penalties of tens of thousands of dollars.
To help you navigate this new compliance issue, we’ll go over the basics of the PDPA, how you can comply with it, and how your company can actually become an industry leader in data protection with the Data Protection Trustmark Certification (DPTM).
First, let’s go over the basics of data breaches, and what they usually look like in a real-world setting.
Read more about the importance of data protection at InCorp Global.
