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Big firms could face data breach fines of up to 10% of turnover from Oct 1
Under the amendments to the Personal Data Protection Act (PDPA), the maximum financial penalty for data breaches will be raised to S$1 million or 10 per cent of local annual turnover for organisations whose turnover exceeds S$10 million, whichever is higher.
Currently, the maximum a company can be fined for a data breach is S$1 million.
