While all of the updates affect all industries, their impact will be even more pronounced for companies that adhere to industry regulations, or for start-ups with limited resources that have not prioritized privacy until now.
The updated legislation, which is coming into force soon, should affect entrepreneurs or trademark sellers of any firm, but especially SMEs, who may be involved in such crimes only by supervision – who may not be aware of the data they collect and store, or who may unknowingly handle the wrong channels.
Singapore is nothing new in the world of privacy law, but the latest PDPA updates significantly heighten legal requirements on how companies can collect, use and store personal data and how they should prepare for and respond to privacy incidents.
As a result of previous changes, a number of subsequent changes have been made to the PDPA regulations, in particular to the Personal Data Protection Regulation 2021 (“PDP Regulations”) and Personal Data Protection (Data Breach
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