SINGAPORE (The Straits Times/ANN): Organisations may soon be slapped with stricter financial penalties of up to 10 per cent of their annual gross turnover here in the case of a data breach, or S$1 million, whichever is higher, if proposed amendments to Singapore's Personal Data Protection Act go through.
Currently, companies are only liable for financial penalties of up to $1 million, but the authorities are seeking stronger deterrents for data breaches.
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