Initiated in February 2020 with the issuance of a public consultation paper, efforts are underway to align the PDPA with global data protection laws.
Over the recent years, the government has amplified its efforts to bolster the nation’s data security landscape. — Reuters
December 2022 saw the issuance of the General Code of Practice mandatorily applicable to classes of data users that are not subject to any other codes of practice registered under the PDPA. Notably, one of the leading payment gateway providers in the country confirmed experiencing a data breach, prompting the initiation of a forensic investigation into the incident.These incidents have prompted the government to review the PDPA and data protection in its entirety.Penalties and fines that are deemed unfit for the present times are also expected to be in the scope of review. It is interesting to note that the maximum fine provided for in the PDPA is only RM0.5mil.
Given this context, it is imperative for businesses to proactively strengthen their data security measures. Further, expectations to protect data are now a new norm in businesses as customers are more inclined to choose businesses that demonstrate a strong commitment to protecting their personal information.
A holistic approach is required in data and privacy management, which can be achieved by leveraging technology.
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