Data privacy is more important today than ever before. Data has grown increasingly important in recent years, particularly to many enterprises. This is because businesses may utilise data to better their products and services and provide more personalised consumer experiences. In Singapore, companies need to comply with the Personal Data Protection Act (PDPA).
What is Data Privacy?
Data privacy refers to how information of the individual should be handled and to what extent should the personal information be shared.
Personal information could include the individual’s name, contact details, home address, NRIC number, etc. For instance, sharing a name is acceptable, but not everyone would share their NRIC number with anyone.
Data privacy is a concern for businesses when it comes to their consumers and employees. As a result, organisations must find a means to ensure that their customers’ and employees’ privacy is not jeopardised throughout data gathering and utilisation.
Why is Data Privacy Important?
It is important for organisations to prioritise data privacy. Individuals have more faith and confidence in a company when they recognise that the firm safeguards their data.
Data breaches can lead to far-reaching consequences. Cybercriminals might exploit stolen personal data to annoy people or sell personal information without their permission. Individuals will suffer as a result of these circumstances, and they will lose faith in the organisation.
Businesses own various types of data, namely, personal data of customers and employees, financial data, research and development data, etc. Data breaches can create far-reaching consequences. Cybercriminals might exploit stolen personal data to harass the user, or sell personal information without the consent of the users. Individuals will suffer as a result of these circumstances, and the businesses’ reputation will also be severely impacted.
As a result, organisations must develop robust Access Control Levels (ACL) to migrate data breaches. If hackers target a company’s system using ACL, the limited network prohibits the hacker from accessing all data. Additionally, the Singapore government has implemented the Personal Data Protection Act (PDPA) to govern data privacy. Organisations should make sure that they are complying with PDPA.
Ensure that the company PDPA Complaint
The Personal Data Protection Act (PDPA) is a Singapore government-enacted law that establishes a benchmark for personal data protection. The PDPA recognises the “need to protect individuals’ personal data and the need of organisations to collect, use or disclose personal data for legitimate and reasonable purposes”.
The organisation must designate a Data Protection Officer (DPO) to be PDPA compliant. A DPO is responsible for ensuring that the firm follows the PDPA guidelines. It is critical that the firm explains its data protection policy to consumers and responds quickly when customers have queries about the policy.
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